The pension risk transfer (PRT) market for defined benefit pension schemes is experiencing a period of growth in various regions around the globe, presenting a potentially attractive opportunity for new entrants. In the UK and US, new entrants are a particularly hot topic with several firms having recently entered the market and even more firms reported to be considering an entry to the market. In the Netherlands, some new insurers have entered the market, driven by the opportunity arising from Dutch pension reform. For each country, we detail:

• The market opportunity, including barriers to entry and alternatives to PRT
• Available options to access the market, including strategies for entry and recent case studies from the US and Netherlands markets
• The key aspects of the TOM that are crucial to success