Coppola, Mariarosaria; Di Lorenzo, Emilia; Orlando, Albina - In: The Journal of Risk Finance 12 (2011) 4, pp. 252-269
(longevity risk) deviations of the number of deaths from the value anticipated for it. This last component gives rise to the risk … proposed models, the longevity risk is mainly taken into account in a stochastic scenario for the financial risk component, in … risk component can be assumed negligible for well‐diversified portfolios, as in the case of pension annuities, longevity …