Coppola, Mariarosaria; Di Lorenzo, Emilia; Orlando, Albina - In: The Journal of Risk Finance 12 (2011) 4, pp. 252-269
Purpose – The demographic risk is the risk due to the uncertainty in the demographic scenario assumptions by which life insurance products are designed and valued. The uncertainty lies both in the accidental (insurance risk) and systematic (longevity risk) deviations of the number of deaths...