The importance of ecological, 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 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 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 among the largest banking groups in the world and offers a series of services that are used within ILS deals, not least escrow and business trust, as well as adjacently across the insurance coverage and reinsurance world.
However with its international scale, its always fascinating to hear the views of a major gamer in finance on a niche sector like insurance-linked securities.
Tom and Vivian talked about a range of problems with us during 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 company level as well.
Mackay explained, “ESG is everything youre hearing about nowadays in the ILS market and thats not going away, thats only going to grow.
” We think that drives the need for extra openness in the dangers that are being moved, so the investors can see the ESG qualities of that.
” Were hearing a growing number of from our customers about what sort of alternatives there are for them to invest the security thats published in these deals, so what sort of ESG money market funds are readily available and things like that.
” We even believe, and were beginning to see a small 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 think is just starting. Weve heard a lot about it, however a lot more to come.”
Hear more on ESG in the ILS market during one of 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, go to the event website: www.artemis.bm/ils-nyc-2022/.
The full video interview is embedded listed below and can also be seen in complete, together with previous Artemis Live video interviews here.
You can likewise eavesdrop audio to our interviews by registering 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 chances please contact [e-mail protected]