PRT and VM-22 - Changing the Competitive Landscape and Reserving: 2026 Focus Study


Price : $2,000.00



As the PRT market reaccelerates in 2026, insurers are quoting business under a fundamentally new reserving regime. VM-22 introduces a more scenario-sensitive, asset-driven framework that directly impacts pricing power, speed to quote, and capital outcomes. 


 


Conning’s latest research examines how VM-22 is reshaping PRT competition, from reserve-path optimization and ALM discipline to governance and execution speed. The report also highlights why buyout and buy-in structures behave differently under SERT testing, and how those differences influence reserving treatment and bid competitiveness.


 


Readers will gain insight into how insurers can position themselves for advantage rather than volatility, particularly as statutory outcomes become more sensitive to asset strategy and modeling decisions. 


 


If your organization is evaluating growth, selectivity, or investment strategy in the PRT market, this report provides a clear view of what winning looks like under VM-22.



Table of Contents:



  1. Market Overview

  2. VM-22 Increasing PRT Complexity

  3. The VM-22 Reserving Process

  4. Passing SERT: Buyout and Buy-In Examples

  5. VM-22's Competitive Impact on PRT's

  6. A Closer Look at VM-22 Impact on Three PRT Archetypes