Increased premiums and heightened balance sheet scrutiny have led more and more pension plan sponsors to take steps to remove pension liability before terminating the plan. This growing trend coupled with the effects of the COVID-19 pandemic has created a fiercely competitive environment for insurers within the pension risk transfer market. In order to compete, these companies need an administrative platform or partner that can perform back office work, keep costs down and enable growth.
Download our paper and find out five key steps insurers can take to successfully administer pension risk transfer policies.