It now becomes clear that insurance companies are now being more closely monitored as entities which have significant potential for impacting financial system stability. Following developments in the US, we in the Caribbean have realized this to our chagrin.
In the course of this shift, we have been hearing legitimate questions as to whether central bankers will be replaced by algorithms – computers, so to speak – in the foreseeable future, given that computers can make better decisions than humans when those decisions are purely data-driven.