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Dealing in Uncertainty : Insurance in the Age of Finance /
This book conducts an in-depth investigation of one of the largest and longest-established insurance industries in Europe: British life insurance. The author draws on over 40 oral history interviews to trace how the sector is changed since the 1970s, a period characterised by rampant financialisatio...
| Autor principal: | |
|---|---|
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Bristol :
Bristol University Press,
2023.
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| Colección: | Book collections on Project MUSE.
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| Temas: | |
| Acceso en línea: | Texto completo |
MARC
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| 020 | |a 9781529221374 | ||
| 020 | |z 9781529221350 | ||
| 035 | |a (OCoLC)1377545792 | ||
| 040 | |a MdBmJHUP |c MdBmJHUP | ||
| 100 | 1 | |a Van der Heide, Arjen, |e author. | |
| 245 | 1 | 0 | |a Dealing in Uncertainty : |b Insurance in the Age of Finance / |c Arjen van der Heide. |
| 264 | 1 | |a Bristol : |b Bristol University Press, |c 2023. | |
| 264 | 3 | |a Baltimore, Md. : |b Project MUSE, |c 2023 | |
| 264 | 4 | |c ©2023. | |
| 300 | |a 1 online resource (208 pages). | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 505 | 0 | |a Front Cover -- Dealing in Uncertainty: Insurance in the Age of Finance -- Copyright information -- Table of Contents -- List of Figures -- Acknowledgements -- 1 Life Insurance in the Age of Finance -- Life insurance, then and now -- Financialization in the making -- The argument -- Sources -- Overview of the book -- 2 Financialization, Quantification and Evaluation -- Financialization and the three ages of financial quantification -- Insurance and the technology of risk -- A sociological perspective on the financialization of life insurance -- The social studies of finance | |
| 505 | 0 | |a Markets as fields -- Professions and their ecologies -- An integrated approach -- 3 Shifting Boundaries between Insurance and Finance -- Upending the market for life insurance -- Fielding modern life insurance -- Unit-linked insurance and the rise of challenger firms -- 'Nothing to lose but the chains of actuarial thinking' -- Saving and investing for retirement -- Converging models of insurance -- Conclusion -- 4 Actuaries Going on a Random Walk -- Benjamin's challenge to conventional wisdom -- 'A drunken stagger around a random walk' -- Simulation modelling and actuarial science | |
| 505 | 0 | |a Actuaries, risk theory and discretionary judgement -- Actuaries and computers -- Living in a stochastic world? -- Conclusion -- 5 'Authors of Their Own Misfortune' -- Protecting policyholder expectations -- Bonus methodology: from net premiums to asset shares -- The question of policyholder reasonable expectations -- Equitable's demise: from pioneer to pariah -- 'With profits, without mystery' -- Guaranteed annuity options and the legal limits to actuarial discretion -- 'Fallen heroes': constructing a failure of actuarial expertise -- Conclusion -- 6 'Taking Account of What the Market Has to Say' | |
| 505 | 0 | |a No-arbitrage modelling and modern finance theory -- From no-arbitrage to market-consistency -- Building models, shifting between worlds -- Making insurers' evaluation machinery market-consistent -- Conclusion -- 7 Managing Risk in Insurance -- Financial risk management -- Modelling life expectancy -- Modelling risk, calculating capital -- Managing the balance sheet -- Conclusion -- 8 The Long Road to Solvency II (and Back Again?) -- Towards a single market for insurance -- Frictions and 'rough edges' -- Patching the rough edges -- Designing and testing the framework -- The settlements | |
| 505 | 0 | |a Conclusion -- 9 De-Risking Pensions, Managing Assets -- The pension crisis as business opportunity -- The new life market -- Buying out pension funds -- Reordering the buyout field -- Insurance and asset management -- Conclusion -- 10 Financial Evaluation and the Future of Insurance Society -- The performative power of modern finance theory -- Rationalization and the authority of the market -- The future of insurance societies -- Notes -- References -- Index | |
| 520 | |a This book conducts an in-depth investigation of one of the largest and longest-established insurance industries in Europe: British life insurance. The author draws on over 40 oral history interviews to trace how the sector is changed since the 1970s, a period characterised by rampant financialisation and neoliberalisation. | ||
| 588 | |a Description based on print version record. | ||
| 650 | 7 | |a Life insurance. |2 fast |0 (OCoLC)fst01715858 | |
| 650 | 0 | |a Life insurance |z Great Britain |x History. | |
| 651 | 7 | |a Great Britain. |2 fast |0 (OCoLC)fst01204623 | |
| 655 | 7 | |a History. |2 fast |0 (OCoLC)fst01411628 | |
| 655 | 7 | |a Electronic books. |2 local | |
| 710 | 2 | |a Project Muse. |e distributor. | |
| 710 | 2 | |a Project Muse. |e distributor | |
| 830 | 0 | |a Book collections on Project MUSE. | |
| 856 | 4 | 0 | |z Texto completo |u https://projectmuse.uam.elogim.com/book/111854/ |
| 945 | |a Project MUSE - Custom Collection | ||
| 945 | |a Project MUSE - 2023 Complete | ||
| 945 | |a Project MUSE - 2023 Political Science and Policy Studies | ||