Articles

Fraud, Going Concern, and the Auditor’s Responsibility: What Caribbean Boards Must Ask

Every time an audit fails publicly, it fails in one of two places. Either a fraud the auditor did not detect comes to light and the audit is criticised for missing it, or an entity that received a clean audit opinion collapses shortly afterward and the audit is criticised for not warning. Across the Caribbean,...

Audit & Assurance Board & Governance Risk & Compliance

The Quality Management Shift: What Caribbean Audit Committees Must Know About ISQM 1 and ISQM 2

May 23, 2026by Dr Dawkins Brown

Audit committees have spent years learning to evaluate audits. The standards on what a competent audit must do — ISA 315 (Revised), ISA 330, ISA 600 (Revised) — are now reasonably well understood at the board level. But there is a second, quieter set of standards that audit committees across the Caribbean have not yet...

AI & Emerging Technology Board & Governance Regulatory & Standards

Continuous Validation Protocols: Why Periodic Model Validation Cannot Govern AI.

May 23, 2026by Dr Dawkins Brown

Why periodic model validation cannot govern AI — and what replaces it in institutions that must oversee systems faster than the institution itself can convene THE ARGUMENT IN ONE PARAGRAPH Traditional model validation operates on calendar time: annual reviews, quarterly committee meetings, semi-annual revalidation cycles. Artificial intelligence operates on operational time: thousands of...

AI & Emerging Technology Board & Governance Regulatory & Standards

The Three-Owner Principle: Who Is Accountable When an AI-Influenced Decision Goes Wrong?

May 23, 2026by Dr Dawkins Brown

Who is accountable when an AI-influenced decision goes wrong — and why three separate owners are required for every consequential decision class THE ARGUMENT IN ONE PARAGRAPH When a credit decision goes wrong, the institution must be able to identify, within hours, who is accountable for what. Traditional governance answers this with a single...

AI & Emerging Technology Board & Governance Regulatory & Standards

Distributed Oversight Architecture: Why Caribbean Boards Must Federate AI Decision Rights — and How to Do It Without Losing Central Authority

May 23, 2026by Dr Dawkins Brown

THE ARGUMENT IN ONE PARAGRAPH Traditional governance routes consequential decisions to the centre. Artificial intelligence makes consequential decisions at the edge — in the credit officer’s interface, in the underwriter’s screen, in the analyst’s recommendation engine — at machine speed, in volumes the centre cannot review. Pillar I of the AEGIS™ framework — Distributed...

AI & Emerging Technology Board & Governance Cybersecurity & Data Protection Regulatory & Standards

Introducing AEGIS™: A Five-Pillar AI Governance Framework for Caribbean Institutions

May 23, 2026by Dr Dawkins Brown

THE ARGUMENT IN ONE PARAGRAPH Artificial intelligence does not extend the risk surface of an institution — it inverts the assumptions on which the institution’s governance was built. The Landmark Edition of Caribbean Boardroom Perspectives set out The Governance Inversion Thesis, arguing that AI requires governance itself to be re-architected, not merely extended. This...

Actuarial Services Advisory & Consulting Corporate Finance & M&A Crisis & Resilience Financial Services Regulatory & Standards Risk & Compliance

The Caribbean Solvency Convergence: How Regional Capital Regimes Are Quietly Aligning

May 22, 2026by Dr Dawkins Brown

How regional capital regimes are quietly aligning, what cross-border insurers should be doing now to anticipate the convergence — and why the carriers that wait for the policy announcement will be the ones playing catch-up There is no Caribbean equivalent of Solvency II. There may never be one. But the regional capital regimes that...

Actuarial Services Financial Services Regulatory & Standards Risk & Compliance Strategy & Transformation

ORSA in the Caribbean: From Regulatory Filing to Genuine Risk Management Discipline

May 22, 2026by Dr Dawkins Brown

Most regional ORSAs are written for the supervisor. The next generation will be written for the board. The difference is starting to matter — to regulators, to rating agencies, and to the carriers themselves The Own Risk and Solvency Assessment (ORSA) is the most consequential governance document a regulated insurer produces. Done well, it tells...

Actuarial Services Advisory & Consulting Corporate Finance & M&A Crisis & Resilience Financial Services Risk & Compliance

The Reinsurance Trap: Why Caribbean Cedants Pay Too Much and Capture Too Little

May 21, 2026by Dr Dawkins Brown

Three structural reasons most regional reinsurance programmes underperform — and the four-step economic review that typically recovers 10 to 20 percent of reinsurance spend within 18 months Reinsurance is the single largest expense line for most Caribbean life and health insurers after claims and operating costs. It is also the line where cedants have the...

Actuarial Services Advisory & Consulting Corporate Finance & M&A Crisis & Resilience Regulatory & Standards Risk & Compliance Strategy & Transformation

IFRS 17, Three Years On: What Caribbean Insurers Got Right, What They Got Wrong, and What Comes Next

May 20, 2026by Dr Dawkins Brown

The technical transition is largely complete. The strategic transition is not. An honest assessment of where the region stands — and the five priorities for the next 24 months IFRS 17 became effective for accounting periods beginning 1 January 2023. For Caribbean insurers, that meant three years of implementation work, hundreds of millions in cumulative...

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Older Posts

The Quality Management Shift: What Caribbean Audit Committees Must Know About ISQM 1 and ISQM 2

Continuous Validation Protocols: Why Periodic Model Validation Cannot Govern AI.

The Three-Owner Principle: Who Is Accountable When an AI-Influenced Decision Goes Wrong?

Distributed Oversight Architecture: Why Caribbean Boards Must Federate AI Decision Rights — and How to Do It Without Losing Central Authority

Introducing AEGIS™: A Five-Pillar AI Governance Framework for Caribbean Institutions

ORSA in the Caribbean: From Regulatory Filing to Genuine Risk Management Discipline

The Reinsurance Trap: Why Caribbean Cedants Pay Too Much and Capture Too Little

IFRS 17, Three Years On: What Caribbean Insurers Got Right, What They Got Wrong, and What Comes Next

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