The value of environmental, social & & governance (ESG) will grow for the insurance-linked securities (ILS) market and cascade through to the provider 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 welcomed 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 one of the biggest banking groups on the planet and offers a series of services that are used within ILS transactions, not least escrow and business trust, along with adjacently across the insurance coverage and reinsurance world.
With its worldwide scale, its always fascinating to hear the views of a significant gamer in finance on a 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 importance of ecological, social & & governance (ESG) will grow for the ILS market and waterfall through to the provider level also.
Mackay explained, “ESG is everything youre becoming aware of these days in the ILS market and thats not going away, thats only going to grow.
” We think that drives the need for additional transparency in the dangers that are being transferred, so the investors can see the ESG qualities of that.
” Were hearing a growing number of from our customers about what type of options there are for them to invest the security thats published in these deals, so what sort of ESG cash market funds are offered and things like that.
” We even think, and were beginning to see a little trend 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 brief ESG I believe is just beginning. Weve heard a lot about it, but a lot more to come.”
Hear more on ESG in the ILS market during one of our panel conversations 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, visit the occasion site: www.artemis.bm/ils-nyc-2022/.
The complete video interview is embedded listed below and can also 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 listed below:
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