The significance of ecological, social & & governance (ESG) will grow for the insurance-linked securities (ILS) market and cascade through to the company level as well, according to HSBC executives we interviewed 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 invited 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 among the largest banking groups worldwide and uses a variety of services that are utilized within ILS deals, not least escrow and business trust, as well as adjacently across the insurance coverage and reinsurance world.
But with its global scale, its always intriguing to hear the views of a major player in financing on a niche sector like insurance-linked securities.
Tom and Vivian went over a variety of issues with us during this interview, however one highlight of the interview is HSBCs expectation that the significance of environmental, social & & governance (ESG) will grow for the ILS market and cascade through to the provider level too.
Mackay explained, “ESG is everything youre becoming aware of these days in the ILS market whichs not going away, thats only going to grow.
” We believe that drives the requirement for additional transparency in the risks that are being moved, so the investors can see the ESG qualities of that.
” Were hearing increasingly more from our customers about what kind of options there are for them to invest the collateral thats published in these offers, so what sort of ESG money market funds are offered and things like that.
” We even think, and were starting to see a little pattern towards this, that it will translate into the company like ourselves, what are our ESG qualifications and how are we responding to those requirements.
” In brief ESG I believe is just starting. Weve heard a lot about it, but a lot more to come.”
Hear more on ESG in the ILS market throughout one of our panel discussions at the upcoming Artemis ILS NYC 2022 conference in New York on April 22nd (get your ticket today).
For details and to sign up for the conference, go to the occasion website: www.artemis.bm/ils-nyc-2022/.
The full video interview is ingrained below and can also be seen in full, along with previous Artemis Live video interviews here.
You can also listen in audio to our interviews by subscribing to the Artemis Live podcast here.
View all of our kind sponsors of the ILS NYC 2022 conference below:
For all queries regarding sponsorship chances please contact [e-mail safeguarded]