The Future of PRT: What Comes Next for Plan Sponsors and Carriers

The pension risk transfer market is entering a new phase. In 2025, the market remained strong at nearly $49 billion in transferred premium, marking the fourth consecutive year above $45 billion. More importantly, the shape of the market is changing. For the first time in the modern PRT era, plan termination activity surpassed retiree lift-outs in total premium, while buy-ins surged to more than $17.5 billion as plan sponsors looked for greater flexibility, earlier pricing certainty, and more strategic ways to manage de-risking.

Join Majesco and Pacific Life for a forward-looking conversation on where the PRT market is headed next. We will explore the forces reshaping the market, including growing insurer participation, more complex transaction structures, rising expectations around service and execution, and the expanding role of technology in supporting speed, accuracy, and scalability across the PRT lifecycle.

As the market evolves, the pressure is not just on product innovation. It is also on operations. More complex liability mixes, more data-intensive onboarding, more reconciliation, and higher expectations for service mean carriers must be able to execute with consistency at scale. Just as importantly, administration systems must be able to support increasingly complex benefit calculations tied to the deal structures carriers are seeing both in existing blocks of business and in competitive RFP activity. That is putting a brighter spotlight on the technology foundation behind PRT and on whether operating models and core platforms can keep up with the market’s growing complexity.

We will also look at where AI may begin to reshape this space in practical ways, from data intake and document handling to exception management, workflow efficiency, service support, and better operational insight. The question is no longer whether technology matters in PRT. It is how quickly technology and operations can evolve alongside the market itself.

In this discussion, Jessica Hurley will sit down with Mike Domingos, Head of Defined Benefit, Pension Risk Transfer Institutional Retirement Solutions Group at Pacific Life, and Richard Carter from Majesco to share perspective on what plan sponsors are prioritizing, what carriers must do to stay competitive, and how leading organizations are preparing for the future of PRT.

Attendees will come away with a clearer view of the trends defining the next era of PRT and practical insight into what it will take to lead as the market continues to evolve from both a market and operational perspective.

Speakers
Jessica Hurley – Senior Specialist, Strategy, Majesco
Mike Domingos – Head of Defined Benefit, Pension Risk Transfer Institutional Retirement Solutions Group, Pacific Life
Richard Carter – Lead Business Analyst, Product Enhancement, Majesco