Join an InsuranceERM webinar on Monday 5 June at 1.30pm BST to learn why the pension risk transfer (PRT) market is booming internationally - and how insurers in markets such as the UK and the US - could have their busiest-ever year of PRT deals in 2023.
UK pension risk transfer (PRT) volumes alone reached £44.7bn ($54.7bn) in 2022 – across buy-ins, buy-outs and longevity swaps – making it the third highest year on record, behind 2019 and 2020. In the UK, it is possible that 2023 could see bulk annuity transactions surpass the £50bn mark.
The US pension risk transfer (PRT) market, meanwhile, experienced a record-breaking year in 2022, with an estimated $53bn in total market volume, significantly exceeding the $38bn posted in 2021.
Kunal Sood
Managing Director of Defined Benefit Solutions and Reinsurance Standard Life
Tom Ault
Chief Business Development Officer Legal & General Re
George Palms
President Legal & General Retirement America’s