Header

UZH-Logo

Maintenance Infos

Index insurance and the articulation of risk-bearing subjects


Johnson, Leigh (2013). Index insurance and the articulation of risk-bearing subjects. Environment and Planning A, 45(11):2663-2681.

Abstract

In the last decade a growing number of efforts have been made to insure the weather-related production risks of rural agricultural households in the Global South via microinsurance contracts linked to environmental indices. Such index insurance products are increasingly championed for their ostensible capacity to decrease vulnerability, ‘crowd in’ rural credit, and increase productive risk taking. This paper presents an empirical and theoretical framework for understanding the explosion of these projects, demonstrating that the formation of financial consumer subjects who are themselves agricultural producers is an emerging and consequential process within the dynamics of (dis)articulation. Rather than being hindered by the absence of the real subsumption of land or labor to capital, the derivative nature of the index insurance form—offering only the possibility of remuneration instead of indemnification of loss—makes it especially well suited to operating in precisely such conditions on the edges of (non)market relations.

Abstract

In the last decade a growing number of efforts have been made to insure the weather-related production risks of rural agricultural households in the Global South via microinsurance contracts linked to environmental indices. Such index insurance products are increasingly championed for their ostensible capacity to decrease vulnerability, ‘crowd in’ rural credit, and increase productive risk taking. This paper presents an empirical and theoretical framework for understanding the explosion of these projects, demonstrating that the formation of financial consumer subjects who are themselves agricultural producers is an emerging and consequential process within the dynamics of (dis)articulation. Rather than being hindered by the absence of the real subsumption of land or labor to capital, the derivative nature of the index insurance form—offering only the possibility of remuneration instead of indemnification of loss—makes it especially well suited to operating in precisely such conditions on the edges of (non)market relations.

Statistics

Citations

10 citations in Web of Science®
12 citations in Scopus®
Google Scholar™

Altmetrics

Downloads

5 downloads since deposited on 03 Jan 2014
0 downloads since 12 months
Detailed statistics

Additional indexing

Item Type:Journal Article, refereed, original work
Communities & Collections:07 Faculty of Science > Institute of Geography
Dewey Decimal Classification:910 Geography & travel
Language:English
Date:2013
Deposited On:03 Jan 2014 14:05
Last Modified:08 Dec 2017 01:26
Publisher:Pion
ISSN:0308-518X
Free access at:Publisher DOI. An embargo period may apply.
Publisher DOI:https://doi.org/10.1068/a45695

Download

Content: Published Version
Language: English
Filetype: PDF - Registered users only
Size: 797kB
View at publisher