Yehuda Kahane
| Yehuda Kahane | |
|---|---|
| Born | August 4, 1944 |
| Residence | Israel |
| Citizenship | Israel |
| Fields | Insurance and finance |
| Institutions |
Faculty of Management, Tel-Aviv University |
| Alma mater | Hebrew University of Jerusalem |
Faculty of Management, Tel-Aviv University
Yehuda Kahane (born August 4, 1944) is the 2011 recipient of the highly prestigious John S. Bickley Founder's Award for his pioneering and lasting contribution to the theory, practice, and education of insurance and risk management. Kahane is active in both the academic and business areas.
He is a professor of insurance and finance, Faculty of Management, and Head of the Akirov Institute for Business and the Environment, Tel-Aviv University. He founded and served as dean of the first academic school of insurance in Israel (now a part of Netanya Academic College). At Tel Aviv University he directed the Erhard Insurance Center, the actuarial studies program, and coordinated the Executives Development Programs. He is a life and non-life actuary.
Since 1966, Kahane has taught at universities around the globe, including, the Wharton School of the University of Pennsylvania, the University of Texas at Austin, the Hebrew University of Jerusalem, the University of Florida, and the University of Toronto. He founded and directed the Israel CLU Program. He has organized and lectured in hundreds of seminars and conferences.
Kahane, the author of several books and numerous articles, was ranked among the most prolific researchers in insurance (JRI, June 1990). Risk Management for Enterprises and Individuals, 2009 (coauthored with E. Baranoff and P. Brockett, Flat World Knowledge) is becoming the leading textbook in the area.
His studies in risk management, and his practical business experience, led him to realize the importance and urgency of environmental risks issues. In the late 1960s, H. Levy and Kahane were among the pioneers who applied multiple regressions for insurance rate-making. In the early 1970s, he developed the concept of balancing assets and liabilities of financial intermediaries, in works that are still quoted 35 years later. These studies laid the foundations of theories of insurance rate making, solvency, insurance regulation, and to the vast area which is now known as ERM – Enterprise Risk Management. He has made major contributions to the theory and practice of loss reserving, agriculture and crop insurance, and the use of data mining in insurance.
In 1982, he consulted a project to increase food production in Latin American countries. The pivot to the plan was developing the then practically non-existiant agricultural reinsurance plans, that enabled to supply insurance protection for the farmers' crops. The coverage was then used to guarantee the financing that was needed for acquiring better agricultural technologies. This helped to increase the agricultural reinsurance market from about $15 million to multiple billions, and at the same time to drastically increase the agricultural output of the entire continent, to better feed hundreds of millions people.
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