What are the latest developments in the risk settlement market?

2025 has been another busy year for the UK Risk Settlement Market, with transaction volumes expected to exceed £40 billion for the third consecutive year. It has also been a year that has been about a lot more than just transactions, with a number of changes that have impacted the market landscape. In November, the PRA published the results of the Life Insurance Stress Test (LIST) exercise, assessing the financial resilience of bulk annuity providers to various “severe but plausible” market shocks. During this discussion, Aon risk settlement experts provide an overview of the current market...