The significance of ecological, social & & governance (ESG) will grow for the insurance-linked securities (ILS) market and cascade through to the service company level also, according to HSBC executives we interviewed recently.In the next in our series of sponsor display 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 series of services that are used within ILS transactions, not least escrow and business trust, in addition to adjacently across the insurance coverage and reinsurance world.
With its worldwide scale, its always fascinating to hear the views of a major gamer in financing on a specific niche sector like insurance-linked securities.
Tom and Vivian discussed a variety of concerns with us throughout this interview, however one emphasize 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 service company level also.
Mackay explained, “ESG is whatever youre becoming aware of nowadays in the ILS market and thats not disappearing, thats just going to grow.
” We think that drives the need for additional transparency in the risks that are being transferred, so the financiers can see the ESG qualities of that.
” Were hearing a growing number of from our clients about what sort of alternatives there are for them to invest the security thats posted in these offers, so what sort of ESG money market funds are available and things like that.
” We even believe, 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 reacting 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 conversations at the upcoming Artemis ILS NYC 2022 conference in New York on April 22nd (get your ticket today).
For details and to register for the conference, go to the occasion website: www.artemis.bm/ils-nyc-2022/.
The full video interview is ingrained listed below and can likewise be viewed completely, in addition to previous Artemis Live video interviews here.
You can likewise eavesdrop audio to our interviews by signing up for the Artemis Live podcast here.
View all of our kind sponsors of the ILS NYC 2022 conference listed below:
For all queries regarding sponsorship opportunities please contact [email protected]