Hostname: page-component-586b7cd67f-l7hp2 Total loading time: 0 Render date: 2024-11-24T03:47:48.326Z Has data issue: false hasContentIssue false

Sanctions and the insurance industry: challenges, risks and opportunities

Published online by Cambridge University Press:  20 January 2017

Matthew Moran
Affiliation:
Department of War Studies, King's College London, London, UK

Abstract

Scholars and policymakers tend to see economic sanctions as an important tool of coercive diplomacy, even if the effectiveness of sanctions in changing the policies of target states remains highly contested. Though much of the research on sanctions focuses on their effects at the state level, this article argues that analyzing their effectiveness must begin with the industrial sectors they are meant to affect. Through analysis of restrictive measures currently in place against Iran, this article explores the impact of sanctions at the working level within the insurance industry, drawing on qualitative data gathered as part of a recent workshop funded by the UK Economic and Social Research Council (ESRC) and industry partners.

Type
Research articles
Copyright
Copyright © V.K. Aggarwal 2014 and published under exclusive license to Cambridge University Press 

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Davidson, Nicholas. 1998. “U.S. Secondary Sanctions: The U.S. and the E.U. Response.” Stetson Law Review (XXVII): 14251435. Available from: <http://www.law.stetson.edu/lawreview/media/u-s-secondary-sanctions-the-u-k-and-e-u-response.pdf>. Accessed 3 May 2014.Google Scholar
Doxey, Margaret P. 1971. Economic Sanctions and International Enforcement. New York: Oxford University Press.Google Scholar
Esfandiary, Dina and Fitzpatrick, Mark. 2011. “Sanctions on Iran: Defining and Enabling ‘Success’.” Survival 53 (5): 143156.Google Scholar
Eyler, Robert. 2007. Economic Sanctions: International Policy and Political Economy at Work. Basingstoke and New York: Palgrave Macmillan.Google Scholar
Galtung, Johann. 1967. “On the Effects of International Economic Sanctions: With Examples from the Case of Rhodesia.” World Politics 19 (3): 378416.Google Scholar
Hufbauer, Gary, Schott, Jeffrey J. and Elliot, Kimberly Ann. 1990. Economic Sanctions Reconsidered: History and Current Policy. Washington D.C.: Institute for International Economics.Google Scholar
Katzman, Kenneth. 2007. “The Iran Sanctions Act (ISA).” CRS Report for Congress. Available from: <http://www.fas.org/sgp/crs/row/RS20871.pdf>. Accessed 9 December 2013..+Accessed+9+December+2013.>Google Scholar
Khajehpour, Bijan, Marashi, Reza and Parsi, Trita. 2013. “‘Never Give in and Never Give Up’: The Impact of Sanctions on Tehran's Nuclear Calculations.” Report by the National Iranian American Council. Available from: <http://www.niacouncil.org/site/DocServer/Never_give_in_never_give_up.pdf?docID=1941>. Accessed 9 December 2013.Google Scholar
Moran, Matthew and Hobbs, Christopher. 2012. “The Iranian Nuclear Dilemma: Light at the End of the Tunnel?Defense and Security Analysis 28 (3): 202212.Google Scholar
Morgan, T. Clifton and Bapat, Navin A. 2003. “Imposing Sanctions: States, Firms, and Economic Coercion.” International Studies Review 5 (4): 6579.Google Scholar
Nossal, Kim Richard. 1989. “International Sanctions as International Punishment.” International Organization 43 (2): 301322.Google Scholar
Pape, Robert A. 1997. “Why Economic Sanctions Do Not Work.” International Security 22 (2): 90136.Google Scholar
Parker, Christine and Lehmann Nielsen, Vibeke, eds. 2011. Explaining Compliance: Business Responses to Regulation. Cheltenham, UK: Edward Elgar.Google Scholar
Rathbone, Rathbone, Jeydel, Peter and Lentz, Amy. 2013. “Sanctions, Sanctions Everywhere: Forging a Path Through Complex Transnational Sanctions Laws.” Georgetown Journal of International Law 44: 10711074.Google Scholar
Salisbury, Daniel. 2013. “Trade Controls and Non-Proliferation: Compliance Costs, Drivers and Challenges.” Business and Politics 15 (4): 529551.Google Scholar
Solingen, Etel, ed. 2012. Sanctions, Statecraft and Nuclear Proliferation. Cambridge: Cambridge University Press.Google Scholar
Spagat, Michael. 2010. “Truth and Death in Iraq Under Sanctions.” Significance 7 (3): 116120.Google Scholar