The business of transferring pension payment risk from US plan sponsors to insurers continues to thrive, on any metric you care to choose. Annual volumes have remained above $45bn for the last three years, the number of transactions hit a record in 2025 and more insurers are rumoured to be entering the business. It's clear that a huge opportunity remains, and that current financial market conditions are favourable to plan sponsors looking to de-risk.
These themes and more are explored in this InsuranceERM US pension risk transfer (PRT) special report, produced in collaboration with the Banner Life family of companies.
The special report features articles on:
- The drivers of activity in the US PRT market
- The rise and fall of jumbo deals – and what it takes to win them
- Coping with complexity in PRT deals
- Banner Life retirement's chief executive, George Palms, on how the company is building on its growth in the US PRT market
- How insurers are emphasising customer experience as well as pricing
- A reflection of the last decade in the US PRT market
- Prospects for growth and innovation
