The significance of ecological, social & & governance (ESG) will grow for the insurance-linked securities (ILS) market and cascade through to the service provider 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, international banking group HSBC.
HSBC is one of the biggest banking groups in the world and provides a variety of services that are used within ILS deals, not least escrow and business trust, in addition to adjacently throughout the insurance coverage and reinsurance world.
With its international scale, its constantly interesting to hear the views of a major player in financing on a niche sector like insurance-linked securities.
Tom and Vivian talked about a range of issues 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 waterfall through to the provider level as well.
Mackay discussed, “ESG is whatever youre hearing about nowadays in the ILS market and thats not going away, thats only going to grow.
” We think that drives the requirement for additional transparency in the risks that are being moved, so the investors can see the ESG qualities of that.
” Were hearing more and more 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 offered and things like that.
” We even believe, and were starting to see a small trend towards this, that it will translate into the company like ourselves, what are our ESG qualifications 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 during 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, go to the event website: www.artemis.bm/ils-nyc-2022/.
The full video interview is embedded below and can also be seen in full, in addition to previous Artemis Live video interviews here.
You can likewise 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:
For all enquiries regarding sponsorship chances please contact [email safeguarded]