fields workplaces name birth_date residence article_title citizenship alma_mater
insurance and finance faculty of management , tel-aviv university yehuda kahane 04 august 1944 israel yehuda kahane
 israel hebrew university of jerusalem
yehuda kahane

yehuda kahane -lrb- born august 4 , 1944 -rrb- 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 -lrb- now a part of netanya academic college -rrb- .
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 -lrb- jri , june 1990 -rrb- .
`` risk management for enterprises and individuals '' , 2009 -lrb- coauthored with e. baranoff and p. brockett , flat world knowledge -rrb- 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 .
kahane also has a rich entrepreneurial experience .
he is a co-founder , director , and major shareholder in ituran location and control -lrb- nasdaq : itrn -rrb- .
he was a co-initiator of the concept of `` new '' balanced pension funds in israel , and was the co-founder and co-owner of the managing firm of the first fund -lrb- teshura -rrb- , that became the fourth largest fund in israel .
he is highly involved in the formation and management of start-up companies in a variety of advanced and high-tech areas , specializing in seed money investments .
he owns the weizman hi-tech incubator , and is a co-owner of capital point ltd. -lrb- traded on tase -rrb- which owns ofakim and katzrin technological incubators .
in addition he is involved in many voluntary ngos activities -lrb- e.g. , chairman of the association of visually impaired people in sharon district , the pibf - palestinian international business forum , etc. -rrb- .
he started his business career in a large multinational corporation , and in the management of various businesses .
in addition he served as a consultant on risk management , insurance and actuarial and financial topics to the government , large organizations , and major companies both in israel and internationally .
kahane has served on the israeli insurance council and on several government committees on a variety of insurance topics .
kahane earned a bachelor 's degree in economics and statistics in 1965 , a master 's degree in business administration , cum laude , in 1967 , and a phd in finance in 1973 , all from the hebrew university of jerusalem .
he has served as an associate editor of the leading journals on risk and insurance .
he has taught courses in technological forecasting -lrb- the first teacher of this subject in israel -rrb- , finance , insurance , risk management , and actuarial topics .
his research focus is on the portfolio implications for insurance , rate-making , automobile insurance , natural hazards , pension and life insurance , reserving , and environmental risks .
