IAC™ Ecosystem is an advanced component-rich framework for acquisition, transfer, mitigation, retention, transformation and distribution of risk, which may be atomised, repackaged in multiple forms including FlexGIA™. digital assets and "streaming risk".
In development and operational prototyping for 40 years, IAC™ Ecosystem provides a unique opportunity for creative innovators and relationship-rich minds to join IAC™ Principals in a new form of global collaboration - An IAC Cube™, as a Sponsor and IAC™ Society member.
Convergence of Insurance, Capital Markets
and now, Digital Assets
Core regulatory components include IGF, its insurance subsidiaries and wholly owned insurance manager, servicing four core insurers.
In addition, each IAC™ Insurer within an IAC Cube™ is a regulated Bermuda insurer subject to IGF Act.
Currency, IAC™ Marketplace Participants and IAC™ Society may ultimately operate under discrete PROTOCOLS.
IAC™ Society serves as an organisation designed to facilitate international interaction with IAC™ Marketplace Participants, establishing trusted relationship within IAC™ Marketplace and provides a form of jurisdictional risk mitigation, as well as fostering robust innovation.
Individual IAC™ Cubes are sponsored by accredited International Sponsor Organisations.
IGF and the original IAC Cube™, and services units, provide technology, operations and reinsurance for IAC Cube™ Insurers.
Several non-profit charitable | educational foundations are substantial shareholders of Investors Guaranty Fund Ltd. Under IAC™ Marketplace, this structure continues and in addition, each new IAC Cube™ IAC™ Insurer is wholly-owned by IAC ISO.
Each trio of assurance, insurance, and financial guaranty insurers are designed to operate under the IGF Act with a Digital Twin, an advanced IT platform
In essence, each type of IAC™ Insurer operates under a strict IT Governance Protocol, The IGF System™.
Each sponsored IAC™ Cube is comprised of assurance, insurance and financial guaranty IAC™ Insurers as well as an IAC™ administration system providing secure interconnect gateways to a variety of component Digital Infrastructure Utilities ("DIU"), Digital Unit Organisations ("DUO"), and nodes supporting various Decentralised Autonomous Organisation ("DAO") networks.
Each IAC™ Cube may connect internationally through DAOs and within the Bermuda Risk Platform designed for multi-facility redundant nodes operating within Bermuda.
PUBLIC ACCESS
For 30+ years IGF and affiliated insurers have provided private risk | funding solutions. Capital holders are private parties including several non-profit foundations.
As IAC™ Insurers transition to a marketplace approach, various forms of public participation are being developed.
POLICY HOLDERS
[Re] Insurance Policies, Financial Guaranty, Guaranteed Investment Agreements and FlexGIA™ are held through custodial depositories with regulated fiscal agents, who facilitate initial issuance and applicable payments.
Applications may only be submitted through regulated participants.
CAPITAL PROVIDERS
Policy Collateral, Risk-Linked Obligations, Certificates of Residual Interest are held through custodial depositories with regulated fiscal agents, who facilitate initial issuance and applicable payments.
IAC™ private currency may be available in the future directly through digital wallets.
MARKET PARTICIPANTS
Primary risk and funding operations are designed to include regulated insurance and capital markets professionals.
Syndicate participation and digital assets | currency activities are evolving through IGX™ connected third-party infrastructure utilities involving regulated trustees and custodians as required by IGF Act.
Transactional and Operations Participants as well as parties transferring risk and those accepting it are classed as IAC™ Market Participants.
IAC™ Insurers have limited interaction with such parties, subject to long standing regulatory constraints within the Bermuda insurance community to reduce jurisdictional risk, i.e. doing business outside of Bermuda.
The IGF System 5.0 is designed to automate a substantial amount of each activity, aided by regulated, accredited and/or expert industry professionals, some of whom must be located in Bermuda, while others may be located globally, interacting with a hybrid form of centralised and decentralised nodal system.
IAC are to be the official digital currency of IAC™ Ecosystem.
Parties acquiring IAC digital currency units globally become part of the IAC currency decentralised autonomous organisation.
IAC digital currency PROTOCOL is designed to be backed by traditional fiat currencies acquired through purchases of IAC dcu for premium, claims and IAC™ Ecosystem fee payments. Policies may be issued in IAC.
A portion of Policy residual interests from IAC™ Insurers are to be allocated to IAC global currency reserves, as well as proceeds of investments of IAC currency reserves in IAC™ Insurer reserves.
IAC global currency reserves are to be held under statutory protections of Investors Guaranty Fund, Ltd. (Policyholder Reserves) Act, 1991.
IAC - Digital Currency Units are designed for payment of premiums, claims, fees and in transacting global risk exposures
IAC Currency Unit and IAC Cube™ IGA Type Insurers are designed to operate as Digital Units Organisations in issuance of IAC Digital Currency Units. IAC currency reserves are designed to include traditional fiat currency, government obligations, IAC™ Insurer reserves, and other assets.
IAC Cube™s Digital Administration Units may issue a wide range of digital assets supported by their respective risk and assets activities as authorised under the Investors Guaranty Fund, Ltd. (Policyholder Reserves) Act, 1991.
Device-based cloud wallets and other forms of digital storage, communications and transfer technologies are being enhanced through Quantum IDs and Quantum Encryption.
IAC™ was an early adopter of this new technology which relies on physics entropy to create true randomness and a higher degree of security.
This technology is being embedded in DAO networks, currency and digital assets, and in each contract issued under The IGF System.
DAO networks for currency, digital assets as well as transacting provide a new approach to individual participation in risk underwriting.
Not just a single instrument, but an addition to high quality, government obligations, a portfolio of low duration, diversified interest crediting rates exceeding its benchmark of 1 Year Treasury Index
