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Conclusion: Deconstructing the dualisms of elemental insurance
This conclusion presents some closing thoughts on the key concepts discussed in the preceding chapters of this book. The book points out that insurance responds to climate change in contradictory ways. It explores and disturbs the apparent modern dualism of emotion and rationality as it applies to insurance. The book describes insurantial descriptions of resilience that emphasise individual self-discipline and self-reliance, through the purchase of insurance. It describes how big data being used by insurtech is ‘in the wild’ – stripped of past certainties and breaking the assumptions of tried and tested technical insurance methodologies. The book also offers opportunities to ‘gently manipulate or ‘nudge’’ customers into behaviours that suit insurance companies. Big data and insurtech innovations are also promoted as transformative of the industry, enabling insurers to provide tailored policies that are also able to promote and reward adaptive behaviour.
History
Publication title
Climate, Society and Elemental Insurance: Capacities and LimitationsEditors
K Booth, C Lucas & S FrenchPagination
70-82ISBN
978-0-367-74386-4Department/School
School of Geography, Planning and Spatial SciencesPublisher
RoutledgePlace of publication
Oxford, UKExtent
16Rights statement
Copyright 2022 RoutledgeRepository Status
- Restricted