The significance of ecological, social & & governance (ESG) will grow for the insurance-linked securities (ILS) market and cascade through to the provider level as well, according to HSBC executives we spoke with recently.In the next in our series of sponsor showcase video interviews for the upcoming Artemis ILS NYC 2022 conference (held April 22nd in New York City), we welcomed Tom Mackay, Senior Vice President and Vivian Ly, Client Relationship Manager, both from among our Silver sponsors for the conference, international banking group HSBC.
HSBC is one of the largest banking groups in the world and uses a range of services that are used within ILS deals, not least escrow and corporate trust, as well as adjacently across the insurance coverage and reinsurance world.
With its worldwide scale, its constantly fascinating to hear the views of a significant player in finance on a specific niche sector like insurance-linked securities.
Tom and Vivian discussed a range of problems with us during this interview, but one emphasize of the interview is HSBCs expectation that the significance of ecological, social & & governance (ESG) will grow for the ILS market and waterfall through to the service company level.
Mackay explained, “ESG is whatever youre hearing about these days in the ILS market and thats not disappearing, thats just going to grow.
” We believe that drives the need for extra openness in the threats that are being transferred, so the investors can see the ESG qualities of that.
” Were hearing a growing number of from our customers about what type of alternatives there are for them to invest the security thats posted in these offers, so what sort of ESG cash market funds are offered and things like that.
” We even think, and were beginning to see a little trend towards this, that it will translate into the provider like ourselves, what are our ESG qualifications and how are we responding to those requirements.
” In short ESG I think is just beginning. Weve heard a lot about it, however a lot more to come.”
Hear more on ESG in the ILS market during one of our panel conversations at the upcoming Artemis ILS NYC 2022 conference in New York on April 22nd (get your ticket today).
For information and to sign up for the conference, visit the occasion website: www.artemis.bm/ils-nyc-2022/.
The complete video interview is embedded below and can also be seen in complete, in addition to previous Artemis Live video interviews here.
You can also eavesdrop audio to our interviews by subscribing to the Artemis Live podcast here.
View all of our kind sponsors of the ILS NYC 2022 conference listed below:
For all queries relating to sponsorship chances please contact [email secured]