The Forms and Limits of Insurance Solidarity

Journal of Business Ethics 103 (S1):33-44 (2011)
Abstract
What makes insurance special among risk technologies is the particular way in which it links solidarity and technical rationality. On one hand, within insurance practices ‘risk’ is always defined in technical terms. It is related to monetary measurement of value and to statistical probability calculated for a limited population. On the other hand, and at the same time, insurance has an inherent connection to solidarity. When taking out an insurance, one participates in the risk pool within which each member is reciprocally responsible for others’ risks. The combination of technical controllability and solidarity has made insurance a successful tool for governing welfare societies during the twentieth century. From the point of view of business ethics, it is interesting that, as we argue in this article, the connection between insurance and solidarity is not limited to social welfare assemblages, but is evident in relation to private insurance as well. At the same time, however, it is important to understand that insurance does not advance all forms of solidarity. Hence, this theoretical article analyzes the specific conceptions of solidarity that the different forms of insurance practice produce. Particular emphasis is put on the distinction between ‘chance solidarity’ and ‘subsidizing solidarity’. The main questions of the article are: What kinds of conceptions of solidarity are built in the insurance technology? And how are the limits of solidarity defined and justified in different forms of insurance?
Keywords Chance solidarity  Insurance  Life insurance  Risk  Risk technologies  Solidarity  Subsidizing solidarity  Welfare
Categories (categorize this paper)
DOI 10.1007/s10551-012-1221-x
Options
 Save to my reading list
Follow the author(s)
My bibliography
Export citation
Find it on Scholar
Edit this record
Mark as duplicate
Revision history
Request removal from index
Download options
Our Archive


Upload a copy of this paper     Check publisher's policy     Papers currently archived: 26,167
Through your library
References found in this work BETA
The Taming of Chance.Ian Hacking - 1990 - Cambridge University Press.
Solidarity, Genetic Discrimination, and Insurance.Veikko Launis - 2003 - Social Theory and Practice 29 (1):87-111.
Le Normal Et le Pathologique.Georges Canguilhem - 1966 - Presses Universitaires de France.

Add more references

Citations of this work BETA

Add more citations

Similar books and articles
Solidarity, Genetic Discrimination, and Insurance.Veikko Launis - 2003 - Social Theory and Practice 29 (1):87-111.
The Role of Solidarity in Social Responsibility for Health.Massimo Reichlin - 2011 - Medicine, Health Care and Philosophy 14 (4):365-370.
Diminishing Solidarity.Klaus Peter Rippe - 1998 - Ethical Theory and Moral Practice 1 (3):355-373.
Uberrima Fides, Foucault and the Security of Uncertainty.Luis Lobo-Guerrero - 2013 - International Journal for the Semiotics of Law - Revue Internationale de Sémiotique Juridique 26 (1):23-37.

Monthly downloads

Added to index

2012-02-15

Total downloads

27 ( #185,235 of 2,152,647 )

Recent downloads (6 months)

2 ( #281,037 of 2,152,647 )

How can I increase my downloads?

My notes
Sign in to use this feature


Discussion
Order:
There  are no threads in this forum
Nothing in this forum yet.

Other forums