Coppola, Mariarosaria; Lorenzo, Emilia Di; Orlando, Albina - In: Journal of Risk Finance 11 (2011) August, 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 …