ASSET LIABILITY MANAGEMENT SEMINAR

The risk management landscape is changing rapidly. Greater recognition of risk exposure and more sophisticated techniques to measure and control risk are resulting in new regulation, new capital requirements, new account standards, and new Solvency II framework. Asset Management has fundamentally changed as a result. Innovative ALM strategies are being called upon to address the some of greatest challenges faced by the insurance and pension industries:

implementation of Solvency II
unhedged in-the-money embedded derivatives in insurance liabilities
volatile solvency ratios and contribution rates in pension plans
fixed income assets not available to match long liability cash flows
interest rates at historic low

Join your colleagues and listen as leading experts and money managers discuss their solutions.

FACULTY

Charles L. Gilbert, FSA, FCIA, CFA K. (Ravi) Ravindran, Ph.D. Robert R. Reitano, Ph.D., FSA, MAAA Andrew D. Smith, BA Harry H. Panjer, Ph.D., FSA, FCIA, Hon FIA Moshe Arye Milevsky, Ph.D. John C. Hull, Ph.D. Emily Papworth, FIAA Peter D. Tilley, FSA, MAAA Valentina A. Isakina, ASA, MAAA Naoki Matsuyama, FIAJ Stuart Jarvis, MA, DPhil, FIA Masaaki Yoshimura, FIAJ Michelle Chong-Tai Bell, FSA David N. Ingram, FSA, MAAA, LLIF, FRM Laura Santori, IAI Connie Wong, BSc, MBA Jeremy Gold, FSA, MAAA, FCA, PH.D. Gordon J. Latter, FSA Donald H. Chu, CFA Brice Benaben Aaron H. Meder, FSA, EA

KEY

)	Lecture
2	Application
¤	Case Study

G	General
I	Insurance
P	Pension

CASE STUDY

The case study approach will be used heavily throughout this course. Participants will interact with other industry professionals and learn through doing. Small workgroups will be assigned for the case studies. Some case studies will require the use of a laptop computer.

APPLICATIONS

Applications are hands-on training exercises where participants learn by applying tools and techniques to real life examples. The excercises in the application sessions are designed to be completed by each participant individually. All applications require the use of a laptop computer. ALM tools and analytics will be provided.

COURSE SCHEDULE

ALM SEMINAR

AMSTERDAM, NETHERLANDS

April 10 - 11, 2008

DAY 1 April 10, 2008