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? (shrink)

While Michel Serres’ work has become relatively well-known among social theoreticians in recent years, his explicit thematization of the foundations of human collectives has gained surprisingly little attention. This article claims that Serres’ approach to the theme of foundations can be clarified by scrutinizing the way in which he poses and answers the following three questions: How are we together? What and whom do we exclude from our togetherness and how? Who are we today? Instead of starting with a ready-made (...) order, be it in the form of individuals or society, Serres pushes social research to take up the challenge of examining the point at which order is about to emerge out of noise and chaos, but where the outcome of the process remains uncertain. Especially relevant to the discussion are Serres’ books Rome, Statues and Geometry, all three of which bear the subtitle Book of Foundations. (shrink)

The article presents two main arguments. First, we claim that in contemporary societies, insurance enacts peculiar kinds of solidarities as well as inequality and exclusion. Especially important in this respect are life, health, disability and old age pension insurance, both in compulsory and voluntary forms. Second, the article maintains that the ideas of solidarity, inequality and exclusion are transformed by the machinery of insurance. In other words, the concrete ways in which insurance relations are practically arranged have an effect on (...) the ways in which the related moral and political concepts are perceived. We elaborate on three different forms of insurance solidarity, which we call chance, risk and income solidarity. The existence of multiple forms of solidarity relevant to insurance is significant because practices of insurance require decisions concerning what kind of solidarity is emphasised, when it is emphasised, and on what grounds. Moreover, what is solidarity for some can entail exclusion and inequality for others. Showing these internal tensions within insurance practice underlines the inherently political and moral nature of insurance. (shrink)

For quite some time, reinsurance companies have been pricing the ongoing climate change using weather- and catastrophe-related instruments and thus have been able to make money through climate change. Yet, at the same time, for reinsurance companies it is crucial that the likelihood of the events they underwrite is diminished as much as possible. Consequently, while profiting from the situation, these key actors of global capitalism also work to prevent climate change from taking place, and support the kinds of measures, (...) on all political scales, that diminish the likelihood of severe climate change destruction. This article analyzes the materials that the reinsurance company Munich Re has distributed to stakeholders and asks how climate change is objectified by the reinsurance industry. How are weather-related catastrophes made into a financial risk and opportunity? The key conceptual tools for answering these questions are provided by Michel Serres’s work on world-objects. (shrink)

Over the past few decades, the work of Georg Simmel (1858–1918) has again become of interest. Its reception, however, has been fairly one-sided and selective, mostly because Simmel’s philosophy has been bypassed in favor of his sociological contributions. This article examines Simmel’s explicit reflections on the nature of philosophy. Simmel defines philosophy through three aspects which, according to him, are common to all philosophical schools. First, philosophical reasoning implies the effort to think without preconditions. Second, Simmel maintains that in contrast (...) to other sciences, only philosophy is oriented toward constructing a general view of the world. Third, Simmel claims that philosophical work worthy of the name creates a sphere of a typical way of being in relation to world, a third sphere that is between the personal and the objective. According to Simmel, what has made philosophy’s eminent figures great is that they have advanced a type of thinking and developed it into a particularly interesting form, and this type can still correspond with the way we experience the world. It is significant that these three aspects through which Simmel defines philosophical activity emphasize the forms of questioning, not the contents or objects of thought. Still, he thinks that an interaction with concrete examples is always required in order to make philosophy a meaningful activity. This stance is reflected in the wide variety of topics studied by Simmel himself. In his last works Simmel began to emphasize another aspect of philosophy, its nature as a living movement of thought related to fundamental human limitedness: just as life itself ceaselessly reaches beyond its present form, so philosophy constantly strives to overcome the preconditions of thinking. (shrink)