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Research

• Books And Monographs
• Articles
• Proceedings And Presentations
• Published Research Reports
• Unpublished Research Reports
• Articles Completed And Submitted For Publication
• Research In Progress

* = refereed

BOOKS AND MONOGRAPHS

• * "The Captive Movements Role in the Restructuring of the Insurance Industry". In: Focus On The Future - The Insurance Industry Looks Toward The 21st Century. Numan A. Williams Ed. The Society of Chartered Property and Casualty Underwriters. Winter 1988, (p. 79-97).
• * "Captive Insurance Companies: Concepts, Developments and Risk Management Applications." American Insurance Institute, Malvern, PA (December 1987), (125 pages).
•  * "The Use of Captives in Risk Management" Monograph No. 6 in Issues in Insurance, CPCU 10, Vol. I, with E. Glenn and R. Cooper, American Insurance Institute, Malvern, Pa., Third Edition, December 1984 (100 pages).
•  * "Offshore Captive Insurers' Structure: Macro and Micro Perspectives," in Risk Retention Alternative Funding Methods, The Society of Chartered Property and Casualty Underwriters. Malvern, Pa Winter, 1983 (p. 55-114.)

ARTICLES

• Inside the Minds of Business School Management
  Always Looking to the Future, by M. Moshe Porat, Ph.D., CPCU
• * "What Is Insurance? Lessons from the Captive Insurance Tax Controversy," Risk Management and Insurance Review, Vol. 2, No.2.,Winter 1999, pp.72-80. (with M. Powers)
• * "Captive Insurance Companies and Manager-Owner Conflicts". The Journal of Risk and Insurance, 65 No. 2, June 1998, pp. 289-302. (with Nicos A. Scordis)
• * "The Changing Nature of Risk Management: It's Future Role and Implications for Insurers and Brokers". Proceedings of the Samsung Fire and Marine Symposium on Globalization of Insurance, Aug. 1995, pp. 93-123.
•  * "The Captive Insurance Tax Controversy: A Heuristic Solution to an Evolving Problem" Proceeding of the International Insurance Society, July 1995 pp. 340-360 (with M. Powers).
• * "Captive Insurance Tax Policy: Resolving a Global Problem" The Geneva Papers on Risk and Insurance. 20 No. 75, April 1995 pp. 197-229 (with M. Powers).
• * "A Unified Approach to Captive Insurance Tax Policy" Risk Management. (winner of 1994 RIMS Best Research Award, with M. Powers), September, 1994 pp. 50-63,
• * "The Changing Role of Risk Management in the U.S.A." Japan Insurance News, Insurance Research Institute of Japan, July/August 1994 (part I) No. 122, September/October 1994 part II, No. 123
•  * "Captive Insurer Insolvency: Piercing the Corporate Veil", Journal of Insurance Regulation, Winter, 1993. Volume 12, No. 2, pp. 221-244. (with M. Powers).
•  * "The Changing Role of Risk Management", 60th Anniversary Lecture at the Japan's Non-Life Insurance Institute. Translated into Japanese and published in The Journal of the Non-Life Insurance Institute of Japan, Vol. 55, No. 3, November 1993, pp. 185-204.
•  * "The Role of the Captive Insurers in the Risk Management Movement." Meiji University Press, International Exchange Programs Guest Lecture Series No. 6, November 1993, Tokyo Japan. Also translated into Japanese and published in The Journal of Non-Life Insurance Institute of Japan, Volume 55, No. 4, Feb. 1994, pp. 131-175
•  * "Captive Insurer Insolvency: Is There A Case for Piercing the Corporate Veil? Proceedings of the International Insurance Society, July 1992, pp. 339-354 (with M. Powers).
•  * "Suburban Burglaries, Alarms and Loss Exposures: Lessons for the Insurance Industry", CPCU Journal, Vol. 45, No. 2, June 1992, pp. 98-108 (with A. Buck and S. Hakim).
•  * "Market Insurance versus Self Insurance: The Tax Differential Treatment and Its Social Cost". The Journal of Risk and Insurance, Vol. LVIII, No. 4, Dec. 1991, pp. 657-669 (with Spiegel, Yaari and Ben Zion).
•  * "The Feasible Team - A Key Ingredient for a successful Formation of a Captive Insurer", Risk Management, Sept. 1990. pp. 42-56. (with M. Zuckerman).
•  * "Tax Treatment of Retention - A New Perspective", Risk Management, Nov. 1990, pp. 60-63 (with G. Head).
•  * "The Tax Treatment of Pre-loss Risk Financing Cost - A Public Policy Perspective", Journal of Insurance Regulation Vol. 8, No. 4, June 1990, pp. 394- 407 (with G. Head).
•  "Use of Alarms in Loss Control", Business Insurance, July 10, 1989 p. 43, (with A. Buck and S. Hakim).
•  "Do Burglar Alarms Deter?", National Underwriter, August 7, 1989 p. 9, 18, (with A. Buck and S. Hakim).
•  "Bermuda Reinsurance Market Survey", Reinsurance Market Review, Vol. 70, November 1988, Insurance and Reinsurance Research Group Ltd., London, England (pp. 1-7).
•  * "Investment Strategy of Captive Insurers - Are Risk Managers Becoming Investment Managers?" The Geneva Papers on Risk and Insurance, Vol. 13, No. 49, October 1988, pp. 377-402, (with T. Gasich).
•  * "Financial Trends in Bermuda Insurers". Captive Insurance Company Reports. Feb., 1988, pp. 6-9), (with T. Gasich).
•  "Investment Patterns of Offshore Captives Compared with U.S. Property and Casualty Industry". Business Insurance, Oct. 12, 1987, p. 27 (with T. Rattman).
•  * "The Real Captive Movement in Bermuda - Part One". Captive Insurance Company Reports. An invited article, Sept.-Oct. 1987, p. 1-4, (with T. Gasich).
•  * "Captives, Insurance Industry Cycles and the Future," CPCU Journal, Vol. 40, No. l, March 1987 (p. 39-45).
•  "Captives in 1986: Are They "Out" or "Back" In" or rather "Captives are Forever!", Business Insurance. An invited article to the journal's Annual Captive Review Edition, April 21, 1986 (pp. 39-41).
•  * "Financial Analysis of Underwriting Results - A Corrected Approach to Loss Ratio Analysis, With a Special Reference to Inflation", (with Y. Kahane). The Journal of Risk and Insurance, Vol. LI, No. 4, December 1984 (p. 710-720).
• "Captives and The Public Interest", Business Insurance, An invited article to the journal's Annual RIMS/Captives Review Edition, April 1, 1984 (p. 65).
•  "The Insurance Factor In the Captive Movement", National Underwriter, P/C Edition, An invited article to the journal's Annual Captive Review Edition, March 9, 1984 (pp. 6-12).
•  * The Relationships Between Operators and Managers of Captives; Problem Areas." Captive Insurance Company Review, Vol. 11, No. 9, July 1983 (pp. 10-16), London England. Extracts published in Captive Insurance Company Reports (U.S.).
•  * "The Investment Strategy, Instruments, and Rates of Returns in Offshore Captive Insurers." CPCU Journal Vol. 36, March 1983 (p. 21-30).
•  * "Marketing and Claims Management Functions in Offshore Captive Insurers," Best's Review, P/C Edition. Vol. 83, January 1983, (p. 26-30).
• "Are Captives a Substitute for Self-Insurance Programs?", Business Insurance, October 11, 1982.
•  * Captive Insurers: An Analysis of Underwriting Exposure Ratios," CPCU Journal, Vol. 35 June 1982 (p. 95-100).
•  * "Offshore Captive Insurers: Underwriting Operations", Best's Review P/C Edition, May 1982 (pp. 20-24, 96-102). Also translated into Chinese and published in Insurance Quarterly, June 1983, No. 47 (p. 177-197), Taiwan.
•  * The Bermuda Captive's Organizational Structure and Goals, Risk Management, April 1982, (pp. 32-40). Also translated into Chinese and published in Insurance Information No. 20, August 1982, Taiwan.
•  * The Bermuda Captive - A Comprehensive Evaluation and Analysis", Risk Management, March 1982, (pp. 45-54).

PROCEEDINGS AND PRESENTATIONS

• * "The Captive Insurance Company Puzzle: An Empirical Investigation" Presentation at the American Risk and Insurance Association, August 12, 1996, (with N. Scordis)
•  * "The Changing Nature of Risk Management: Its Future Role and Implications for Insurers and Brokers" The Samsung Fire and Marine Symposium on Insurance Industry Globalization, Aug. 1995, Seoul, Korea.
• * "The Captive Insurance Tax Contraversy: A Henristic Solution to an Evolving Problem". Presentation at the International Insurance Society Seminar. July 11, 1995, Washington, D.C.
• * "Tax Policy for Captive Insurers: The Business of Insurance and Transfer Efficiency". Presentation at the American Risk and Insurance Association, August 24, 1994 Toronto, Canada
• "Insurer's Insolvency and Insured's Security", Chair, Research Roundtable, International Insurance Seminar, July 1993, Tokyo, Japan.
• "Current Trends in Risk Management", Meiji University, July 1993 Tokyo, Japan.
• "The Role of Captive Insurers in Risk Management" Graduate School of Commerce, Meiji University, July 1993, Tokyo, Japan.\
• "Captives Insolvency and Piercing of Corporate Veil", Graduate School of Commerce, Meiji University, July 1993, Tokyo, Japan.
• "Captive Insurers: a Tool in the Management of Risk" The Risk Management Center of Japan. July 15, 1993 Tokyo Japan.
• * The Changing Role of Risk Management in the U.S." Non-Life Insurance Institute of Japan, 60th Year Anniversary Lecture, July 20, 1993, Tokyo, Japan.
•  * "Risk Management and the Case of Captive Insurers". Tokio Marine and Fire Insurance Company, July 22, 1993, Tokyo, Japan.
• "The Insurance Industry's Image - A Change through Education", Philadelphia CPCU Society, June 10, 1993, Philadelphia, PA.
• "Risk Management Decision Making", CIGNA's Global Risk Management Symposium, April 1993, Philadelphia, PA.
• "The Liability Risk", CIGNA's Casualty Institute, May 1993, Philadelphia, PA.
• * "Captive Insurer Insolvency: Piercing the Corporate Veil" Research Paper Presentation at the American Risk and Insurance Association, Washington, D.C. August 1992.
• * "Captive Insurer Insolvency: Is There A Case for Piercing the Corporate Veil? Research Paper Presentation at the International Insurance Society Seminar, July 5-11, 1992, Toronto, Canada.
• "Current Trends and Future Perspectives of Risk Management". Presentation sponsored by Japan Airlines at The Risk Management Center of Japan, Nov. 11, 1991, Tokyo, Japan.
• * "The Role of Captive Insurers in The Past, Present and the Future Development of the Risk Management and Insurance Discipline". Research paper presentation at the "International Risk Management Symposium" University of Toyama, Nov. 4-7, 1991, Toyama, Japan.
• "Risk Management and Insurance Education in the 1990's." Keynote speaker at the National Association of Insurance Women, (NAIW), Pennsylvania, May 1991.
• "Equalizing The Income Tax Treatment for Risk Financing Techniques". Presentation at a seminar on "Structured Financial Insurance Products", Executive Enterprises, Inc. New York, March 1991.
• * "Insurance v. Self Insurance - Premium Tax Deductibility Discrimination in a Public Policy Perspective". Research paper presentation at the American Risk and Insurance Association. Orlando, FL, August 1990.
• "The Reliability and Effects of Best's Ratings". (Moderator) American Risk and Insurance Association. Reno, Nevada, August 1988.
• * "Investment Strategy and Performance of Offshore Captives" Research paper presentation to the American Risk and Insurance Association. Montreal, August 1987 (with T. Gasich).
• * "Demographic and Social Changes: Implications on Life Insurance Product Marketing in the U.S. and Overseas." Presentation to the American Council of Life Insurance, 7th International Life Insurance Seminar, Washington, D.C., May 1987.
• * "Captive Insurance Companies and Insurance Markets In Developing Countries: Problems and Opportunities". Paper presentation to the International Insurance Seminars, Orlando, Florida, June 1986. Published in I.I.S. proceedings 1986.
• * "Potential Adverse Effects of Captive Insurers on Developing Countries." Paper presentation to the American Risk and Insurance Association, Vancouver, B.C. August 1985.
• * "Introduction to Captives" Seminar. Coordinator and moderator of a two day seminar organized by the 1985 Conference of the Risk and Insurance Management Seminar (RIMS), in New Orleans, LA, April 1985.
• * "The Use of Captives in Risk Management", Paper presentation at RIMS, New Orleans, LA, April 1985.
• "Financial and Organizational Aspects of Offshore Captive Insurance Companies". A one day seminar conducted at the Leon Recanati Graduate School of Management, Tel-Aviv University, at the invitation of M.W. Erhard Center for Higher Studies and Research in Insurance, Tel-Aviv University, Israel, Oct. 1983.
• * "Development in Captive Insurers and The Insurance Industry's Involvement in The Offshore Captive Insurers Movement". Paper presentation to the American Risk and Insurance Association, Denver, CO. August 1982.
• "Captive Insurers and the Future". Invited paper presentation to the American Management Association. New York, N.Y. June 1982.
• * "An Analysis and Evaluation of the Offshore Captive Insurers Movement". Paper presentation to the American Risk and Insurance Association, Kansas City, MO, August 1981.

PUBLISHED RESEARCH REPORTS

• * The Impact of Captive Insurance Companies on the Insurance Markets of Developing Countries. Trade and Development Board. United Nations Conference on Trade and Development (U.N.C.T.A.D.) Reports, TD/B/C.3/192, February 1985.
• Leasing or Buying Decisions of Construction Cranes - A Cost Benefit Analysis, Research Report for the Ministry of Housing and Development, State of Israel, The Economic Planning and Consulting Corporation, 1971.
• Uniform Construction Methods - A Feasibility Study. Research Report for the Ministry of Defense, State of Israel, The Economic Planning and Consulting Corporation, 1971.
• Cost Accounting Analysis of Government Sponsored Auto Driving Lessons Program. Research Report for the Ministry of Defense, State of Israel, The Economic Planning and Consulting Corporation, 1971.
• The Demand for Metal Raw Materials for 1970-1980 - Econometric Forecast. Research Report for the Ministry of Housing and Development, State of Israel, The Economic Planning and Consulting Corporation, 1970.
• * Linear Programming Model for Optimal Utilization of Irrigation in a Cooperative Settlement). (with Yoram Friedman), The Ministry of Agriculture 1969.

UNPUBLISHED RESEARCH REPORTS

• The Impact of Captives on Insurance Markets in Developing Countries: An Analysis and Evaluation of Case Studies. Prepared for the Special Program on Insurance, United Nations Conference on Trade and Development, Geneve, Switzerland, July 1984.
• Formation of an Offshore Insurance/Reinsurance Subsidiary -Economic Feasibility and Financial Forecast. Report to the Pennsylvania Manufacturers Association, May 1984.
• Captives and Insurance Markets in Developing Countries - A Comment. Prepared for the Special Program on Insurance, United Nations Conference on Trade and Development, Geneve, Switzerland, April 1984.
• An Analysis and Evaluation of the Offshore Captive Insurance Companies Movement - Summary and Conclusions, Working Paper, Temple University, Department of Risk Management and Insurance, October 1981.
• A Process of Financial Distress is a Textile Concern. Working Paper, Graduate School of Business Administration, Tel-Aviv University, 1973.
• Utilization of Analysis of Variance in Cost Accounting Methods. Research Working Paper, Graduate School of Business Administration, Tel Aviv University, 1973.

ARTICLES COMPLETED AND SUBMITTED FOR PUBLICATION

• "Patterns of Reinsurance Practices in Offshore Captive Insurers". (To the Journal of Insurance Issues and Practices).
• "Asymmetric Information, Captive Insurer's Formation and Managers' Welfare Gain and Alternative Rationales for Captive Formation." (with Bob Hedges, submitted to the Journal of Risk and Insurance).

RESEARCH IN PROGRESS

• Intra - Organizational versus Across Market Insurance Decision: A Contingency Model for Forming a Captive.
• The Use of Quantitative Methods in Risk Management Applications. (A series of research articles sponsored by RIMS).
• Cash Flow Modeling and Comparative Analysis for Captives: Principles, Assumptions, Scenarios and Presentation for Decision. (Invited paper for the "Risk Reports" publication.)
• Captive Insurers Formation - An Empirical Investigation (with Nicos Sordis).

 

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