The value of ecological, social & & governance (ESG) will grow for the insurance-linked securities (ILS) market and waterfall through to the service company level too, according to HSBC executives we talked to 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 one of our Silver sponsors for the conference, worldwide banking group HSBC.
HSBC is among the largest banking groups on the planet and uses a series of services that are used within ILS deals, not least escrow and corporate trust, in addition to adjacently throughout the insurance 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 talked about a variety of issues with us throughout this interview, but one emphasize of the interview is HSBCs expectation that the significance of environmental, social & & governance (ESG) will grow for the ILS market and waterfall through to the provider level too.
Mackay explained, “ESG is everything youre hearing about nowadays in the ILS market and thats not disappearing, thats only going to grow.
” We believe that drives the requirement for extra transparency in the dangers that are being moved, so the financiers can see the ESG qualities of that.
” Were hearing more and more from our clients about what type of choices there are for them to invest the security thats posted in these offers, so what sort of ESG money market funds are offered and things like that.
” We even think, and were beginning to see a little pattern towards this, that it will translate into the service suppliers like ourselves, what are our ESG qualifications and how are we responding to those requirements.
” In short ESG I think is simply beginning. Weve heard a lot about it, however 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 register for the conference, check out the event site: www.artemis.bm/ils-nyc-2022/.
The full video interview is ingrained listed below and can likewise be viewed in complete, 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:
For all enquiries concerning sponsorship opportunities please contact [email protected]