Big, Bold Ideas
As a young man in the Israeli Army, Yehuda was assigned to a special unit involved in the design, planning and implementation of large national infrastructure projects. Most projects would require detailed forecasting, huge investments of capital and possibly decades of focused effort. Soon after the 6 Day War, still in the Army at the age of 24, Yehuda received a grant to travel to the United States to study economics & statistics. Always with an interest in “the big solution”, he specialized in the measurement and management of risk and uncertainty, with a focus on large-scale projects and how financial instruments could catalyze change on a national and global scale.
After completing his PhD in Finance, he stayed in the U.S. to teach, work in the insurance industry and continue his research in enterprise risk-management, balance-sheet stabilization, asset and liability portfolio balancing, capital adequacy, regulations and ratemaking. In the many decades since, Professor Kahane — as a respected expert in the insurance industry, as an educator at many esteemed institutions, and as a philanthropist — has tackled increasingly larger and more diversified game-changing projects at home in Israel and abroad. Again and again, through experimentation and action with measurable results, he has proven the thesis of his core work to be true:
“Insurance companies are the only source for long-term investment in the world at the scale required to address these global challenges and they are therefore the key to saving mankind. Private and public insurance programs, cleverly conceived and wisely applied, are both prudent safety nets and powerful enabling mechanisms critical to the development of a sustainable civilization, and especially so in regions struggling to catch up with the community of developed nations.”