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The basic idea behind an ID-based cryptosystem is that end user’s public key can be determined by his identity information. Comparing with the traditional certificate-based cryptography, identity-based cryptography can eliminate much of the overhead associated with the deployment and management of certificate. However, exposure of private keys can be the most devastating attack on a public key based cryptosystem since such that all security guarantees are lost. In this paper, an ID-based authenticated key agreement protocol was presented. For solving the problem of key exposure of the basic scheme, the technique of key insulation was applied and a key insulated version is developed.