Global pension risk transfer market outlook

Globally, pension risk transfer (PRT) transactions offer an important mechanism for pension schemes seeking to de-risk. There is significant demand for PRT deals from DB schemes in various markets across the globe, but with the increased size of the market comes challenges for insurers and schemes to overcome. 

In this paper, we take a deep dive into the PRT market of the UK, US, Netherlands and Ireland. We cover the current landscape of the PRT market, including drivers for the demand for PRT deals and the benefits of writing PRT business for insurers. We then delve into the challenges faced by insurers in that market, including key regulatory changes and considerations. Finally, we consider whether there are any lessons learned from that territory’s experience that could be applied to other markets.

Please reach out to Jessica Crowson, Dilesh Patel, or your usual Milliman contact if you would like to discuss further.