The 'rule of experts' in making a dynamic micro-insurance industry in India
Bibliographic Data
| ID | 2157019 |
|---|---|
| Authors | Dia Da Costa (corresponding author) |
| Year | 2013 |
| Volume | 40 |
| Issue | 5 |
| Pages | 845-865 |
| Publication date | 2013-09-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | The Journal of Peasant Studies (JOURNAL) |
| Journal identifiers | ISSN: 0306-6150 • E-ISSN: 1743-9361 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/03066150.2013.857659 |
| OpenAlex | W2242367918 |
| Language | EN |
| Citations received | 21 |
| References cited | 26 |
India is reported to have the most dynamic micro-insurance market in the world and the largest weather-index insurance market among developing countries. This is interesting because, paradoxically, reports readily suggest that the primary hindrance for the industry is the widespread lack of effective demand for insurance. This paper seeks to identify, understand and problematize the paradox of resolutely promoting micro-insurance and its apparent rapid growth despite a manifest absence of demand for insurance. Neo-classical theories about risk-averse behaviour do not explain the current lack of appeal of insurance among the poor. Rather, I draw on a postcolonial political economy framework to argue that expert investment in getting prices and culture right while safeguarding micro-insurance supply currently explains the celebrated dynamism of Indian micro-insurance. I argue that promoting comprehensive institutional reform for an ideal investment and entrepreneurial climate involves securing mutually beneficial linkages, collaborations and knowledge within a broad assemblage of profit motives, insurance expertise, policy-makers and professionals. Insurance experts rule by promoting the micro-insurance sector while simultaneously investing in and gaining from discursive, material and pedagogical construction of this industry. Future research should address whether such processes and products are effective in managing financial risks of the poor
Actuarial science · Appeal · Business · Business interruption insurance · Dynamism · Economics · General insurance · Income protection insurance · Insurance law · Insurance policy · Investment (military · Key person insurance · Political science · Politics · Risk pool · Safeguarding · Agricultural risk and resilience · Law · Microfinance and Financial Inclusion · Urban and Rural Development Challenges
Index insurance and the moral economy of pastoral risk management in Mongolia
Le bénévolat d’entreprises
Dayanıklılık Kavramına Alternatif olarak Çevresel Adalet
Technological change, completeness of financing microstructures, and impact on well-being and income inequality
Competing Expectations in an Index-Based Livestock Insurance Project
One size does not fit all
Latent’ surplus populations and colonial histories of drought, groundnuts, and finance in Senegal
Rescaling index insurance for climate and development in Africa
Cannibalizing the Informal Economy
Debtfare States and the Poverty Industry
Crops, claims and the politics of risk in India's agricultural insurance programme
Uncertainty in the drylands
The Truncated Commercialization of Microinsurance and the Limits of Neoliberalism
Evictions
Rents, Experiments, and the Perpetual Presence of Concessionary Weather Insurance
We Just Want to Know How it was Calculated
Derivatives for Development? Small-Farmer Vulnerability and the Financialization of Climate Risk Management
Linking climate-smart agriculture to farming as a service
Beyond bad weather
Climate-smart agriculture
The rise of flex crops and commodities
Barriers to Household Risk Management
Patterns of Rainfall Insurance Participation in Rural India
Can crop insurance work? The case of India
Rule of Experts
Microinsurance
Conscripts of Competitiveness
Attitudes Toward Risk
Credit from whom and for what? The diversity of borrowing sources and uses in rural southern India
Micro-insurance through corporate-NGO partnerships in West Bengal
The Antinomies of 'Financial Inclusion
Freedom from Poverty is Not for Free'
The Unnatural Coupling
Rural Banking and Landless Labour Households
Theagencementof Industrial Branch Life Assurance
| Unique citing works | 21 |
|---|---|
| Citations per year | 1,75 |
| Citation span | 2014 - 2025 (12) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 21 |