Business Threat Seminar Discusses Governance Model & Livelihood Protection


COVID 19 Caribbean Diaspora Business Response News

Gina Sanguinetti Phillips 5Caribbean governments should build a financial protection strategy that combines instruments that address different layers or types of  risks. So said Gina Sanguinetti-Phillips, Program Manager at Caribbean Catastrophe Risk Insurance Facility (CCRIF SPC).

She was speaking at the fifth global Outride: COVID 19 Business Threat Seminar recently hosted by Magate Wildhorse Ltd, Toronto and attended by representatives in various diasporic markets as well as participants in the Caribbean.

Among the protection strategies and instruments shared by Sanguinetti-Phillips were:

  • parametric insurance, traditional insurance,
  • CAT-Bonds,
  • contingency debt facility, donor assistance (relief and reconstruction),
  • budget reallocation, tax increase and
  • credit (domestic and external) depending on the phase of the disaster response.

The climate risk finance and protection opportunities shared are available to both governments and vulnerable low-income individuals such as “small farmers, tourism workers, fishers, market vendors and day labourers. Vulnerable income individuals can benefit through the provision of  quick cash payouts following extreme weather events (specifically, high winds and heavy rainfall)”.  Participants expressed a strong desire contribute and benefit as business leaders and investors in their home countries.  They pressed for Caribbean wide access to the livelihood protection and other solutions. Sanguinetti-Phillips noted that between 1970 and 2017 damages from natural disaster totaled US $156 billion dollars.

Rudi Page of Making Connections Work, UK invited Gina to share the opportunities with diasporans in the UK.  Available scholarships and internships in climate risk finance were also of interest.

The MarathonerUnveiled at the event was the hybrid core-peripheral network governance model with integrated market mode— for governing and coordinating a comprehensive diaspora and Caribbean response. The model was shared by Meegan Scott, Principal at Magate Wildhorse Consulting. It is an inclusive and collaborative mechanism for delivering business and economic recovery.  The model has been adapted for advancing individual and collective sustainable development goals and ambitions of Caribbean diasporans, home and host countries.

Scott pointed out that the model will eliminate negative competition and allow for different organizations and individuals to advance their visions while contributing to global and local action and results.

The core-periphery structure is often used for driving resilience because it allows for connectivity, idea generation, and information flow including during emergencies or shocks.  The flow can be intensified or scaled down as required for drawing in the public and private sectors as well as civil society as needed.

There will be a need for “significant changes in culture, practice, entrepreneurship in diasporic markets,  and the need to develop key industry market sectors”. “In addition, other social and economic challenges must be addressed, it was therefore essential to include a market mode”. The market mode will complement the network to deliver effective coordination and the development of efficient markets. Complete with diaspora-coordinated working groups, communities of practice, networks and communities, governments, think tank and markets, the model will drive the delivery of profit, purpose, mission-driven social impact and functions of key stakeholders and duty bearers in the third, public and higher education sectors in host and home countries. The model was partly informed by research on COVID 19 and its impact on diaspora organizations being by Scott since April of this year.

In another session Scott shared about Supply Chains, opportunities and strategy responses and hidden industry sectors impacted COVID 19 that hold pivot opportunities for entrepreneurs.  Jennifer Clémence Graham, Managing Director and Senior Consultant at JG&G Consulting Services Inc. highlighted the importance of being social while presenting “ Digital Transformation – Process Pivots for COVID 19 and Beyond”.  Theo Chambers, Motivational Speaker at CaribAcademy reminded the gathering “To be an entrepreneur you don’t have to fear, always do your best, consider how you spend your day, get ready for of any opportunity you can afford or manage”. He also cautioned the audience “not to participate in the recession”,  but to borrow that approach used with success by Sam Walton of Walmart during the 1991 recession.

Roy Page, of Asterix Tourism Services Ltd asked that the gathering consider the financing challenges faced by the Government of Jamaica and growing debt to the Chinese.  That came as the group contemplated the need to shift the mix of remittances towards investment in productive capital. The agriculture sector and food security were named as a priority. Rudi Page, Dr. Roy Davidson, of UNI Healthcare Inc and Andrew Sharpe of Authentic Caribbean Foundation championed health care and disability while Philip Bedward of Pathways, championed education.

Factored into the strategic profit and purpose responses of the organizational leaders for helping themselves, host and home countries were:

  • Predications of a more active hurricane season or the Caribbean with a forecast of 7 to 9 hurricanes, two of which are expected to become major.
  • The pronouncements of the United Nations Economic Commission for Latin America and the Caribbean (UNELAC), for the region shared by Gina “the COVID-19 pandemic will result in the worst economic contraction in the history of Latin America and the Caribbean” and that will that will come “sharp increases in unemployment; reduction in household incomes and the ability to meet basic needs; falling commodity prices; reduction in international trade; and increases in the poverty rate”.

CCRIF, the world’s first multi-country multi-peril risk pool based on parametric insurance and provides parametric catastrophe insurance for Caribbean and Central American governments. Their solutions covers drought, public utilities, agriculture, excess rainfall,  tropical cyclone, and fisheries, the tourism industry included.  The group will reconvene to look at trade, finance and investment as well as how to leverage the governance model for impactful joint response and recovery during and post the COVID 19 era;  as well as how to better prepare to help the Caribbean through relief, recovery and reconstruction phases of environment, climate, health crisis and other shocks.


Covid 19 banner strip slim

Held Over by Popular Demand — Outride COVID 19 Business Threat Seminar

Outride Series logo

By Meegan Scott                                                                                                                May 16, 2020

Held over by popular demand!     

The Outride COVID 19 Business Threat Seminar series which was scheduled to break from May 7 to August 2020 before resuming to support planning and execution has been extended.

Attendees at the season finale — “Outride COVID 19: Diaspora Supply Chain― Who’s Who”, indicated that they had come “to look forward” to the sessions and felt any break would disrupt the rhythm, strides, and future impact of the programme.  Members of the gathering therefore decided to play more active roles for ensuring the series continue uninterrupted.

The proposed break was intended to facilitate analysis of research conducted and the application of learning from the five seminars and its exit COVID 19 assignment for participants. However, participants are willing to take on the challenge without meeting holidays.


 During last Thursday’s event Meegan Scott proposed and presented a hybrid of the core-peripheral network governance model with integrated market mode— for governing and coordinating the initiative.

The core-periphery structure is often used for driving resilience because it allows for connectivity,  idea generation, and information flow including in emergencies or shocks.  The flow can be intensified or scaled down as required to for drawing in the public and private sectors and civil society as needed.

However, significant changes in culture, practice, and the need to develop key industry market sectors, entrepreneurship in diasporic markets along with other social and economic challenges (to be addressed by our organizational leaders in partnership with key stakeholders and duty bearers in the third, public and higher education sectors in host and home countries) required a market mode input for delivering effective coordination and the development of efficient markets.

Outriding COVID Together

The series commenced on April 16th with the theme  “Embracing risk for driving vision and growth”.  Value creation and preservation;  and risk intelligence as a “new normal” in doing business and driving growth among both mission and profit driven organizations were major sub themes. Inclusiveness, contribution to host and home country economic recovery by twinning purpose and profit was another major sub theme.

Accordingly, the gathering explored opportunities for advancing the shared and different development objectives of host and home countries as well as the profit and purpose objectives of the participating organizations as a key focus of multiple sessions.

Holding Each Other Accountable

The series were designed to better understand the COVID 19 impact and responses of Caribbean diaspora organizations as well as to support organizational leaders and provide them with information for ensuring they could act to make their entire strategy house and businesses more risk intelligent competent, agile and adapted to survive or thrive during COVID 19.

In recognition of the need to bring the entire Caribbean community on the journey of change and transformation, we focused on civil society or community organizations and how they could be strengthened and involved for accessing and distributing needed development resources available to Caribbean diasporans, but which currently sit on the table while communities at home and in host countries fail to be benefit.

We also found it important to ensure Caribbean is not lost in BAME hence our reference to BCAME (Black, Caribbean, Asia, and Minority Ethnic Groups) during the series.

Many Caribbeans are not of African descent, the cultural treasures and accomplishments of the Caribbean, its music, its cuisine, it art and entertainment forms reflects the contribution, investment, melting and blending of indigenous peoples, Africans and Europeans, Asians (Chinese, Indians, Javanese and others), Jews, Mediterraneans, North Africans and other groups. While loaded with African retention the culture of the Caribbean is boldly distinct; and the contribution of diasporans to host markets is significant.

The development of many art forms was supported by Caribbean governments, taxpayers, and entrepreneurs and the returns on those investments should go to Caribbeans and be branded Caribbean it should not be submerged in African culture or a single diaspora brand. Moreover, the complexities of problems faced by the both diasporic groups comprise of similar and different challenges, which require different and relevant eyeball attention and surgical interventions as well as collaborative measures.

Participants in the series are determined to the take the necessary steps that will enable them to deliver their vision and missions in the face of COVID 19.  Among the areas covered were:

  • Risk intelligence
  • Strategy Planning for Outriding COVID 19
  • Agribusiness Sector —Market Intelligence Planning & Response
  • Customer Service, Value & Sales
  • Social Media Marketing
  • Nonprofit Governance and Response
  • Risk Intelligence for Outriding COVID 19 —Key Questions, Practical Responses for SMEs
  • Outride COVID 19: Diaspora Supply Chain― Who’s Who
  • Disaster Risk Financing: CCRIF, Climate Risks and COVID-19
  • Digital Transformation – Process Pivots for COVID 19 and Beyond
  • COVID 19 Risk Intelligence: Are Your Legal Rights Protected in This Time of Uncertainty?
  • Supply Chain― Diaspora Who’s Who for Outriding COVID 19 as well as a network governance model for cooperation and leveraging intelligence for improving diaspora and home country outcomes.

The series also featured global participation, a Joy Spot motivational speech and activity segment, Mouth and Mind panel discussions, COVID 19 business community experiences (open mic―diaspora, in Caribbean, other representatives of BAME or mainstream peers), Elevator pitches  and networking sessions.

The pivot of one technology company was facilitated at the very start of the series.  Others will follow during the planning and execution phase.

Our Speakers

Among the speakers who gifted our participants with their messages and knowledge were Mark Brown, 1995 World Champion of Public Speaking; Professor Amit Kapoor, President & CEO of India Council on Competitiveness, Honorary Chairman at Institute for Competitiveness;

Leo M. Tilman, President and CEO of Tilman & Company;

LaShanda Henry, Web Business Strategist and Digital Content Creator & Founder of SistaSense;

Albert Ramsay, Financial Advisor at APSOL;

Dr. Mythili Kolluru, Assistant Professor-College of Banking and Financial Studies, Oman & Magate Wildhorse Consulting;

Shariful Islam, Market Systems Development Specialist, PHAMA Plus and Country Manager PNG, Market Development Facility;

Theo Chambers, Motivational Speaker and Business Coach Consultant, at CaribAcademy and Co-founder of Positive Tourism News;

Gina Sanguinetti-Phillips, Program Manager at Caribbean Catastrophe Risk Insurance Facility (CCRIF SPC);

Jennifer Clémence Graham, Managing Director and Senior Consultant at JG&G Consulting Services Inc.;

Philip Bedward of Pathways;

Andrew Sharpe of  Authentic Caribbean Foundation; Rudi Page of Making Connections Work;

Tannisha Scarlett, Life Media Productions Ltd (F.I.L.M. Productions Ltd.) and Agri Views; Loretta N. Green Williams of Caribeme Magazine; and Meegan Scott of Magate Wildhorse Consulting.  Rapporteurs included Lester de Souza, Counsel, Barrister & Solicitor and Manager, Impact Galaxy; and Tonny Ng’uni, Principal Consultant at Magton Ltd (Zambia).

Roy Page of Asterix Tourism Services Ltd and Dr. Roy Davidson of UNI Healthcare Inc were significant contributors to the discussions. Henry Madnani, Assistant Manager, Client Servicing at 10 Times shared the vision, timeline, and work in-progress for their pivot to a trade show and exhibition platform during the premiere edition.  The premiere edition was sponsored by Magate Wildhorse and 10 Times, in a pivot partnership facilitated by Magate Wildhorse.

The Caribbean Camera was our ethnic media attendee who helped us to share with audiences beyond the gathering. The  Women Entrepreneurship Knowledge Hub (WEKH) at Ryerson University also held us to get the word out.

To our dedicated speakers, participants, and media partner we say a Big Thank You!

In the video we leave you a few reminders and points for consideration as you commence your exit COVID gallop.

If you would like to join us for this free programme please register at:

For ensuring you are included in the supply chain and factored in for support interventions please complete questionnaire below if you will not be participating in the series.

Career and Professional Development Opportunities— Caribbean & Latin American Immigrants, Afro-Caribbeans & CoP Members without Caribbean roots

Meegan Scott (for),                                                                                                          Magate Wildhorse Consulting and The Community of Practice for Caribbean Immigrant Entrepreneurs

Footer sustainable develop seminar