The value of environmental, 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 display 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, global banking group HSBC.
HSBC is one of the biggest banking groups worldwide and offers a range of services that are utilized within ILS transactions, not least escrow and corporate trust, as well as adjacently throughout the insurance coverage and reinsurance world.
With its global scale, its always 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 concerns with us during this interview, but one highlight of the interview is HSBCs expectation that the value of ecological, social & & governance (ESG) will grow for the ILS market and waterfall through to the service provider level.
Mackay discussed, “ESG is whatever youre finding out about nowadays in the ILS market whichs not disappearing, thats only going to grow.
” We believe that drives the need for extra openness in the dangers that are being transferred, so the financiers 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 collateral thats published in these offers, so what sort of ESG cash market funds are available and things like that.
” We even think, and were starting to see a little pattern 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 brief ESG I think is simply beginning. 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 register for the conference, visit the event website: www.artemis.bm/ils-nyc-2022/.
The complete video interview is embedded below and can likewise be viewed completely, together with 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 below:
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