The importance of environmental, 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 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 invited Tom Mackay, Senior Vice President and Vivian Ly, Client Relationship Manager, both from one of our Silver sponsors for the conference, global banking group HSBC.
HSBC is among the largest banking groups on the planet and offers a series of services that are utilized within ILS transactions, not least escrow and business trust, along with adjacently throughout the insurance and reinsurance world.
But with its international scale, its constantly interesting 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 problems with us throughout this interview, however one highlight of the interview is HSBCs expectation that the importance of environmental, social & & governance (ESG) will grow for the ILS market and waterfall through to the service supplier level also.
Mackay described, “ESG is whatever youre finding out about these days in the ILS market whichs not disappearing, thats only going to grow.
” We think that drives the requirement for extra transparency in the risks that are being transferred, so the investors can see the ESG qualities of that.
” Were hearing increasingly more from our customers about what kind of options there are for them to invest the security thats published in these offers, so what sort of ESG cash 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 provider like ourselves, what are our ESG qualifications and how are we reacting to those requirements.
” In brief ESG I believe is simply beginning. 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 details and to register for the conference, visit the event site: www.artemis.bm/ils-nyc-2022/.
The full video interview is embedded listed below and can also be seen in complete, in addition to previous Artemis Live video interviews here.
You can also 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 below:
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