The value of ecological, social & & governance (ESG) will grow for the insurance-linked securities (ILS) market and cascade through to the service supplier level also, 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 invited Tom Mackay, Senior Vice President and Vivian Ly, Client Relationship Manager, both from one of 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 transactions, not least escrow and corporate trust, along with adjacently across the insurance and reinsurance world.
However with its global scale, its constantly interesting to hear the views of a major player in financing on a specific niche sector like insurance-linked securities.
Tom and Vivian went over a variety of concerns with us throughout this interview, however one highlight 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 provider level also.
Mackay explained, “ESG is whatever youre hearing about these days in the ILS market and thats not going away, thats only going to grow.
” We believe that drives the requirement for extra transparency in the dangers that are being transferred, so the investors can see the ESG qualities of that.
” Were hearing more and more from our clients about what sort of options there are for them to invest the collateral thats posted in these offers, so what sort of ESG cash 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 provider like ourselves, what are our ESG credentials and how are we reacting to those requirements.
” In short ESG I think is simply starting. Weve heard a lot about it, but a lot more to come.”
Hear more on ESG in the ILS market throughout among our panel discussions 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 event website: www.artemis.bm/ils-nyc-2022/.
The complete video interview is embedded listed below and can also be seen in full, along 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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