chapter  7
12 Pages

Valuation–subjectivity–security

The cases presented in this book have documented and analysed how insurance practices ascribe value to ‘life’ and in so doing produce insurance instruments as securities to promote and protect ways of life. Historically, insurance techniques and practices have been deployed to develop instruments to secure lives characterized by the uncertain conditions under which they evolve. In this respect, insurance, as a technology, operates a valuation of life contingent on lifestyles and livelihoods.