The Library
Waiting for the market? Microinsurance and development as anticipatory marketization
Tools
Bernards, Nick (2022) Waiting for the market? Microinsurance and development as anticipatory marketization. Environment and Planning A: Economy and Space, 54 (5). pp. 949-965. doi:10.1177/0308518X221073986 ISSN 0308-518X.
|
PDF
WRAP-Waiting-market-microinsurance-development-anticipatory-marketization-2022.pdf - Published Version - Requires a PDF viewer. Available under License Creative Commons: Attribution-Noncommercial 4.0. Download (590Kb) | Preview |
|
PDF
Bernards Waiting for the market accepted version.pdf - Accepted Version Embargoed item. Restricted access to Repository staff only - Requires a PDF viewer. Download (257Kb) |
Official URL: https://doi.org/10.1177/0308518X221073986
Abstract
This article traces experiments aimed at promoting wider adoption of ‘microinsurance’ – small, simplified insurance policies targeting the poorest. Microinsurance is a central element of a wider turn towards the promotion of ‘resilience’ in global development. The development of commercial markets for microinsurance, however, has failed to meet the expectations of promoters. This article traces the ways that the diverse donor agencies, professional organizations and philanthropic organizations involved in the promotion of microinsurance have responded to these failures, primarily by seeking to articulate basic data infrastructures that might make possible profitable insurance operations. These activities are described as a kind of ‘anticipatory marketization’ – experiments seeking to prepare the ground for the emergence of markets for risk management, thus far without much success. Where microinsurance has often been described in terms of ‘financialization’, this article suggests that there are important political dynamics at play that have been overlooked. Efforts to develop markets for microinsurance, and the persistent focus on troubleshooting and re-engineering those markets in the face of failure, are not driven directly by finance capital. Rather, they reflect fraught efforts to articulate modes of social protection not requiring substantial redistribution.
Item Type: | Journal Article | ||||||||
---|---|---|---|---|---|---|---|---|---|
Subjects: | H Social Sciences > HB Economic Theory H Social Sciences > HF Commerce H Social Sciences > HG Finance |
||||||||
Divisions: | Faculty of Arts > School for Cross-faculty Studies > Global Sustainable Development | ||||||||
Library of Congress Subject Headings (LCSH): | Microinsurance , Neoliberalism , Financialization , Recessions , Risk , Markets | ||||||||
Journal or Publication Title: | Environment and Planning A: Economy and Space | ||||||||
Publisher: | SAGE Publications Ltd. | ||||||||
ISSN: | 0308-518X | ||||||||
Official Date: | 1 August 2022 | ||||||||
Dates: |
|
||||||||
Volume: | 54 | ||||||||
Number: | 5 | ||||||||
Page Range: | pp. 949-965 | ||||||||
DOI: | 10.1177/0308518X221073986 | ||||||||
Status: | Peer Reviewed | ||||||||
Publication Status: | Published | ||||||||
Access rights to Published version: | Open Access (Creative Commons) | ||||||||
Date of first compliant deposit: | 15 February 2022 | ||||||||
Date of first compliant Open Access: | 15 February 2022 | ||||||||
RIOXX Funder/Project Grant: |
|
Request changes or add full text files to a record
Repository staff actions (login required)
View Item |
Downloads
Downloads per month over past year