Insurance is the world’s largest economic industry, providing a form of security that more than triples global defence expenditure. However, little is known about the form of security insurance provides. This book offers a genealogical interrogation of the relationship between security and risk through its materialisation in insurance.
This work seeks to argue that insurance practices ascribe value to life and in so doing produce a form of security central to the understanding of contemporary liberal governance and security. Lobo-Guerrero theorizes insurance as a biopolitical effect that results from the continuous interaction of an ‘entrepreneurial form of power’, and traditional forms of sovereign security. Through rich empirical cases and a unique theorization, the book breaks apart the traditional division between security studies, political economy and political theory. The author explores this theory in relation to specific issues such as the use of life insurance in the molecular age, the use of insurance to securitize against environmental catastrophic risk, specialist products such as kidnap and ransom insurance, as well as the use of insurance to counter maritime piracy in the twenty-first century.
Providing an important and original contribution to the study of the biopolitics of security, this work will be of great interest to all scholars of security studies, international relations and international political economy.
Introduction 1. Making Uncertanty Fungible 2. Securing by Capitalizing Life 3. The Quest for Insurability in the Molecular Age 4. Securitising Catastrophic Environment, Insuring Uninsurable Lives 5. Kidnap and Ransom Insurance 6. Insurance and the Securitization of Global Maritime Circulation 7. Valuation-Subjectivity-Security
The Series provides a forum for innovative and interdisciplinary work that engages with alternative critical, post-structural, feminist, postcolonial, psychoanalytic and cultural approaches to international relations and global politics. In our first 5 years we have published 60 volumes.
We aim to advance understanding of the key areas in which scholars working within broad critical post-structural traditions have chosen to make their interventions, and to present innovative analyses of important topics. Titles in the series engage with critical thinkers in philosophy, sociology, politics and other disciplines and provide situated historical, empirical and textual studies in international politics.
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‘As Michel Foucault has famously stated, "knowledge is not made for understanding; it is made for cutting" In this spirit The Edkins - Vaughan-Williams Interventions series solicits cutting edge, critical works that challenge mainstream understandings in international relations. It is the best place to contribute post disciplinary works that think rather than merely recognize and affirm the world recycled in IR's traditional geopolitical imaginary.’
Michael J. Shapiro, University of Hawai'i at Manoa, USA