Global Risk Currency
The IGF System™ patented risk transformation technology
IAC™ Marketplace is "a global risk transformation, transfer and funding platform for bespoke and intractable risk exposures available to participants of accredited DAOs, "decentralised autonomous organisations"...
IACs are digital currency units ("dcu") designed exclusively for use among DAOs operating within IAC Marketplace for use as a "global risk currency".
IACs provide a common currency for payment of premiums and fees. IACs and traditional currency may be combined to mitigate currency and interest rate risk in multi-currency transacting and claims payments.
Additional information is available by pressing the link in each logo image below.
Investors Guaranty Fund Ltd. was formed in 1985 as a pioneer in financial guaranty insurance. Its unique secondary market bondholder insurance created for unrated and non-investment grade obligations was assigned "AAA" ratings in 1985.
IGF and its subsidiaries provide operations, technologies and speciality reinsurance for IAC™ Insurers operating under The IGF System™.
Investors Guaranty Fund, Ltd. (Policyholder Reserves) Act 1991 ("IGF Act") established the prime governance of transactional activity by IAC™ Insurers.
The IGF System™ PROTOCOL incorporates IGF Act, other applicable statutes and regulations and operational procedures, standardisation, and specifications into the Rules and Regulations of The IGF System™.
An IAC Cube™ is comprised of three forms of specialty insurance companies implemented into a state of the art digital assets compute infrastructure, designed to facilitate a wide range of bespoke solutions for intractable risks..
Each IAC Cube™ is "sponsored" by accredited Market Participants, in a fashion similar to "seats on an exchange".
Decentralised Autonomous Organisations ("DAO") are often included in digital assets PROTOCOLS.
In IAC™ Marketplace n number of DAOs may be formed connecting Market Participants through peer to peer communications, transacting across regulated risk insurers and traditional financial services components known as Digital Infrastructure Utilities ("DIU").
IAC digital currency units may be issued by IAC Cube™'s and other Market Participants in a new form of digital currency supported by country-specific currencies and other assets.
IGF has been at the forefront of systems, means and methods of supporting obligations with government obligations and other assets. This form of digital currency is an extension of IGF's cash management units dating back to 1989.
IGF Act Companies comprise the various IAC Cube™ IAC™ Insurers and IGF and subsidiaries.
Common shares of each IAC™ Insurer are to be owned by IAC ISO (in formation), which is also parent of IGF. IGF's minority shareholders number more than 150 individuals and institutions.
IAC ISO is owned by five charitable foundations formed by Alasdair G. "Sandy" Barclay in 2001.
The IAC™ Risk Marketplace brings together digital assets technologies, prototype innovations, a rich history of convergence of insurance, capital markets, funding and financial guaranty, as well as proven systems which generated the highest quality transaction activity for more than 30 years.
In the language of digital assets innovation, IAC™ Marketplace is an ECOSYSTEM organised under three primary PROTOCOLS (framework specifications) Alliance iii.o, The IGF System™ and IAC™.
IAC™ Marketplace is comprised of a series of legal entities with insurance powers under special legislation, paired with advanced computing and interactive technologies, implemented in each instance as a "Digital Twin". Each IAC Cube™ is designed to interface with applicable Market Participants to effect transfer, transformation, mitigation, funding and operational functions. Its governance operates under The IGF System™ PROTOCOL which includes the IGF Act and applicable statutory and regulatory requirements, as well as modular contracting and procedures.
Each IAC Cube™ operates from secure data centres and across global "edge" networks, enabling a wide range of functionality. Accredited Sponsors may wish to form an IAC Cube™ as risk Infrastructure as a Service. Each IAC™ Insurer within a specific Risk Platform (IAC Cube™) forms a part of the IGF Act Companies (IAC).
Multiple DAOs (decentralised autonomous organisations) participating in IAC Marketplace, include ...
The link above provides a 10 minute overview of early formation of the patented IGF Marketplace plan (1994). Core elements of this risk marketplace concept and a series of new technologies have been prototyped over the past three decades with a view toward public usage.
Each IAC Cube™ instance is "sponsored" by an International Sponsor Organisation ("ISO").
Parties wishing to create an IAC™ Risk Platform benefit from participation in IAC™ Marketplace, have access to IAC™ Marketplace participants and may engage their expertise developing and facilitating an array of risk solutions and products.
Each IAC™ Insurer is subject to the Investors Guaranty Fund, Ltd. (Policyholder Reserves) Act, 1991. Assets sufficient to pay a 100% loss on all policies issued are held by government-approved custodians, invested in "eligible government obligations". Transfers of assets supporting Policy obligations are confirmed by leading accounting firms and applicable rating agencies.
Each IAC Cube™ is a "Digital Infrastructure Utility" (a "DIU"). It is comprised of various components operating under The IGF System™ Protocol for risk | funding operations and its technology suite is Alliance iii.o Protocol compliant.
Each IAC™ Cube engages a regulated Bermuda Insurance Manager to act as Principal Representative and facilitate itraditional "corporate services" and local services provider integration.
IAC Cube™ Sponsors and affiliated parties benefit from IAC™ Cube operations and their IAC Marketplace activities.
Each IAC Cube™ operates from Bermuda, accessible by global Market Participants, using DAO DAGChain™ and DARPAs transactional networks
IAC Marketplace is comprised of units of three IAC™ Insurers (life assurance, traditional insurance and financial guaranty), collectively referred to as an IAC Cube™. Each IAC Cube™ operates on bespoke IT Infrastructure.
Each IAC Cube™ has a unique sponsor and each IAC Insurer iis governed by five directors.
In addition, each trio of insurers operate through an administrative node facilitating gateway operations with IAC™ participants and applicable services, including issuance of IACs and other forms of digital assets.
Accredited IAC™ Marketplace participants may obtain certification from an IAC Cube™ to interact with products, services and capital related activities transacted across IAC™ Insurers comprising such IAC Cube™.
Investors Guaranty Fund, Ltd. and subsidiaries provide core IAC Marketplace operational and technology support for each IAC Cube™
The following sites provide information related to IAC Marketplace components
Press the Logo to access the password protected stakeholder site. A password may be available at info@igf.bm.
This Link provides access to information describing an IAC Cube™, its IAC™ Insurers and interaction of Market Participants.
A detailed summary of IGF Act Companies and IAC™ Insurers operations is avaliable at this link.
A Fireside Chat features Sandy Barclay comparing "markets" to a new
Complementary Marketplace for Risk produced to document core features
and benefits set forth in the first "insurance securitisation" global
patents - Inventors - Douglas L. King, Alasdair G. "Sandy" Barclay,
Rockie C. Wellman (circa 1994)
https://youtu.be/mdz9Qqbbe7g
IAC Knowledge Base provides detailed information regarding various aspects of IAC Marketplace components, in-depth reviews of each policy type issued by IAC™ Insurers, an introduction to The IGF System™, an overview of "sponsoring" IAC Cube™ insurers, as well as insights into current Digital Transformation activities.
A look back at 30 years of key milestones in the development and prototyping of IAC Marketplace components, IAC Cube™ and The IGF System™.
An introduction to the founding of Investors Guaranty Fund Ltd. and an annotated development time line.
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