scholarly journals The aporetic financialisation of insurance liabilities: Reserving under Solvency II

2021 ◽  
Vol 7 (1) ◽  
pp. 20-39
Author(s):  
Charalampos Fytros
Keyword(s):  
Social Studies ◽  
Financial Economics ◽  
Solvency Ii ◽  
Regulatory Regime ◽  
Know How ◽  
Risk Sensitive ◽  
The Social ◽  
Market Consistent Valuation ◽  
Short Termism

The valuation of insurance liabilities has traditionally been dealt with by actuaries, who closely monitored underlying illiquid features, assumed a long-term perspective, and exercised their own subjective, expert judgment. However, the new EU regulatory regime of Solvency II (S2) has come to require market-consistent valuation supplemented by a risk-sensitive capital. This is considered an unwanted shift towards short-termism that is misaligned with the industry’s long term and countercyclical character. The new principles place the ‘technicalising’ logic of financial economics over ‘contextualising’ actuarial know-how. Following existing analytics of valuation from the ethnography of reinsurance markets and the social studies of finance, such requirements appear either as an alarming attack against the actuarial component of traditional valuation practice, or else as a preserver of it, through a process of enfolding at the heart of the financialisation project. This article holds that the case of S2 challenges both these analytics of valuation. S2’s financialisation project, precisely by attempting to construct itself, deconstructs itself into an actuarial project, in a recurring, aporetic process. In this respect, fair (or otherwise) valuation remains always undecidable, inconclusive, and thus responsible.

“Women know how to get things done”: narrative of an intersectional movement

2017 ◽  
Vol 12 (1) ◽  
pp. 31-41 ◽  
Author(s):  
Amanda Elizabeth Vickery
Keyword(s):  
Civil Rights ◽  
Social Studies ◽  
African American Women ◽  
Design Methodology ◽  
Content Type ◽  
American Women ◽  
Know How ◽  
Civil Rights Organizations ◽  
The Social ◽  
The World

Purpose The purpose of this paper is to explore how African-American women, both individually and collectively, were subjected to both racism and sexism when participating within civil rights organizations. Design/methodology/approach Because of the intersection of their identities as both African and American women, their experiences participating and organizing within multiple movements were shaped by racism and patriarchy that left them outside of the realm of leadership. Findings A discussion on the importance of teaching social studies through an intersectional lens that personifies individuals and communities traditionally silenced within the social studies curriculum follows. Originality/value The aim is to teach students to adopt a more inclusive and complex view of the world.

scholarly journals Taking children’s humor seriously: A study of humor in children diagnosed with obesity and the medicalization of body weight

Childhood ◽  
2018 ◽  
Vol 25 (2) ◽  
pp. 189-202
Author(s):  
Ellen Margrete Iveland Ersfjord
Keyword(s):  
Physical Activity ◽  
Body Weight ◽  
Food Intake ◽  
Social Studies ◽  
Severe Obesity ◽  
Self Monitoring ◽  
Rehabilitation Team ◽  
The Social ◽  
Children And Childhood

Within the social studies of children and childhood, children’s humor is an under-explored area. In this article, I explore the use of humor by children diagnosed with severe obesity while attending long-term rehabilitation together with their families. In the children’s use of humor, I found a transition from the use of “fat jokes” to “biopedagogical humor,” which involved jokes about instructions related to food and physical activity as conveyed by members of the rehabilitation team. I interpret their humor as signifying how they were affected by the biopedagogical messages involved in treatment and how they started self-monitoring their food intake and physical activity. I claim that their humor also can point to a process of medicalization of their condition, where their understanding of themselves as “fat” was replaced by “I suffer from obesity.”

Enclosing the Fisheries: People, Places, and Power

2008 ◽  
Keyword(s):  
Social Relations ◽  
Regulatory Regime ◽  
Long Term Effects ◽  
Defining Moment ◽  
Permit Allocation ◽  
The Social ◽  
Limited Entry ◽  
Potential Benefits ◽  
New Policies

<em>Abstract</em>.—New schemes of proprietary control are being considered to recover and improve Alaska’s salmon industry, even though the industry is already structured through the nonquota permit-based regulatory regime of limited entry. Most U.S. fisheries are currently being evaluated for new restructuring and privatization plans, which forever change the fisheries and the fishermen. The socioeconomic fates of many coastal indigenous peoples are being determined without finer understandings of potential benefits and ramifications of such policies. The tortoise pace of anthropology will almost certainly never catch up with the rapid policymaking process, but more than three decades of the Limited Entry Permit Plan can provide a useful means of evaluating the lasting effects of programs already in place and predicting future effects of new policies. Based upon multiyear ethnographic fieldwork and quantitative data acquired in four eastern Aleut fishing communities, this paper summarizes and critically examines long-term effects of Limited Entry on the culture and society of Aleut people. From the social structure before Limited Entry through permit allocation to the current fisheries system, this plan was a defining moment for modern social relations and ultimately exaggerated as well as generated other social, economic, and political limited entry systems in Aleut society.

Contributions of Social Studies of Finance to understand Modern-day Complex Financial Markets

2014 ◽  
Vol 1 (1) ◽  
Author(s):  
Nitin Navin
Keyword(s):  
Social Studies ◽  
Financial Markets ◽  
Present Article ◽  
Financial Economics ◽  
Social Content ◽  
Economic Relations ◽  
The Social ◽  
Economic Process

Although finance traditionally has been the domain of economics, understanding the various forces shaping the performance of contemporary financial markets require the use of a variety of intellectual perspectives from across other disciplines. The present article attempts to discuss the contributions of ‘social studies of finance’ in studying and interpreting the modern financial markets and it’s widely spread effects. This becomes of immense importance when conventional economics failed to express the social content of economic relations, and consequently to interpret the forces and conflicts at work in the economic process. This way, they help financial economics in framing and reframing it’s theories to explain and forecast the market in a better way.

Economic Development in 2006 and the Future of the Russian Economy: The Non-Resource-Based Sector Potential (The Economic Report of All-Russia Business Union “Delovaya Rossiya”)

2007 ◽  
pp. 27-45
Author(s):  
B. Titov ◽  
I. Pilipenko ◽  
A. Danilov-Danilyan
Keyword(s):  
Economic Development ◽  
Free Market ◽  
Economic Report ◽  
Russian Economy ◽  
The Social ◽  
National Economic ◽  
Investment Capital ◽  
Export Industries ◽  
Sustainable Economic Growth

The report considers how the state economic policy contributes to the national economic development in the midterm perspective. It analyzes main current economic problems of the Russian economy, i.e. low effectiveness of the social system, high dependence on export industries and natural resources, high monopolization and underdeveloped free market, as well as barriers that hinder non-recourse-based business development including high tax burden, skilled labor deficit and lack of investment capital. We propose a social-oriented market economy as the Russian economic model to achieve a sustainable economic growth in the long-term perspective. This model is based on people’s prosperity and therefore expanding domestic demand that stimulates the growth of domestic non-resource-based sector which in turn can accelerate annual GDP growth rates to 10-12%. To realize this model "Delovaya Rossiya" proposes a program that consists of a number of directions and key groups of measures covering priority national projects, tax, fiscal, monetary, innovative-industrial, trade and social policies.

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