Two significant requirements are needed for a client to utilize Monetization Financing: An absolute and unconditional promise to pay from an investment-grade rated Obligor; Price: Only fifty percent 50% (48+2%) for rated banks, and thirty-five percent 35% (33+2%) for non-rated banks. These cookies do not store any personal information. With this insurance program, each enrolled Contractor would be required to carry their own Workers Compensation coverage at their own cost. As a partner to investors, we provide financial techniques and processes when our clients need help for solutions to complete their goals. This option is similar to an OCIP and CCIP, however, it only provides General Liability insurance coverage for the enrolled Contractors. WebThe monetization of insurance is monetizing the society. Combine this decline with increasing commoditization and price pressures, and the industry is ripe for compressive disruption, as start-ups and players from other sectors step into the void to claim higher, service-based returns, leaving traditional insurance players with This allows the bank to stand behind the underwriters insurance policy verbiage rather than standing behind the asset itself. Read/comprehend/focus like a LASER on the black and white list of pre-compliance items outlined below by professionally gathering and complying with each of those TEN pre-compliance items required for both the monetizer's external compliance officer as well as the transaction banks' KYC/AML compliance departments' to provide blessings. Insurance offered to cover loans backed by intangible assets BIs Article search uses Boolean search capabilities. I was waiting for the update post and here it is. 856.420.6671. All rights reserved It is updated and regestistered every year and the name is where the XXXXX is. (LogOut/ AltFunds GlobalSuite 1403, 6A 170 The Donway WestToronto, Ontario, Canada M3C 2E8. Need to know to enable it? What actually matters is the quality of the documents and the mentality and coachability of the asset owner because the personality/intellect alone may or may not pass compliance which is actually part of the cover letter in Magister Operis' letterhead included with each package submission package. Take your truck in to be wrapped: In most instances, the company will install the wrap on your truck themselves. The term "monetize" has different meanings depending on the context. Data quality and its relevance, helps derive value from trustworthy data. Bluhe Shire is a U.S. private equity trust designed by expert international attorneys, private bankers & professional consultants. email office@bluheshire.com: 7901 4th St. N STE 6602 St. Petersburg, FL 33702. FINRA. Other brokers including Marsh LLC are involved in placing coverage for intellectual property collateral, and PIUS Limited LLC, a managing general agent in Menlo Park, California, also offers a product. 2023 ALTFunds Global. The evaluation of the worth of the intellectual property takes place within the context of what it would be worth if had to monetize it, which doesnt necessarily mean sold, Mr. Agiato said. In this course, you will learn the fundemental understanding of Drafts, how they work and how to monetize them. XXXXXCapital Securities, LLC and XXXXX Capital Advisors, LLC are registered broker dealers with the U.S. Securities and Exchange Commission (SEC) and member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). Certified accounting for funds already spent. M&O Agencies, Inc. Map It. The cost is 20% all inclusive of the BG/SBLC being leased with an insurance wrap, and the monetization, and if you like, the program consultant can put you in a I can not put the company name in here, but any one that decides to become a client/investor will be given full access to the company. All professional products and plans are backed by bluhe shire's satisfaction guarantee. Sometimes referred to as controlled insurance programs (CIPs), wrap-up insurance programs are centralized insurance and loss control programs designed to Weve been doing this about three-and-a-half years and have completed a number of successful transactions, he said. Insurers, in response to the new normal, are enhancing existing services while unlocking new sources of revenue. Executive summaries, business plans, and/or financial pro forma that outline use of funds. History of funds used to purchase the asset. Moreover, because there are various insurance companies covering one project, each claim has the potential to cause costly and time-consuming cross litigation. This insurance policy/underwriting contract is also known as an insurance wrap. This message will not appear on the live site, but only within the editor. Large-scale General Contractors typically procure a CCIP insurance program when they have favorable loss histories and can often secure better insurance rates than the project Owner. 24 Feb 2023 11:19:03 With our ability to communicate freely worldwide, completing private trade deals has never been easier. It's often a huge headache and waste of time because numerous principals and/or intermediaries don't understand and don't want to understand.. which is a waste of time for everyone. our Goal is excellence & our purpose is to serve in the world of private investments, Trade & project funding. WebThe world is a series of networks and this should be accounted for in your decisioning by monetizing insurance data analytics. Our illustration uses health insurance as an example. This monetization program enables our clients to generate new income by unlocking the value of an underutilized asset. It's not the right choice in every case, but there is a better way. Comply with the requirements of the bank as well as the requirements of the underwriter. Very Wall Street style the biggest banks and some of the biggest and most expensive accounting and law firms on the planet also if you think the LTV should be illogically high and/or your high intermediary fees have any real value in the real market. We offer monetization for our own bank instrument in case clients need this service. In an ecosystem, the insurer accesses and uses data from across partners to offer personalized services (based on individual risk assessments or anonymized profiles), Know what analysis is required when committing to the data monetization journey, Arrive at a clear structure to deliver and price data irrespective of the business model in use, Identify the resources and skills the data monetization initiatives will require data privacy and security, Define organizational structure team members, resources needed, impact assessment on other initiatives in the business, Draw up an effective implementation approach that includes pilot projects, market tests and development sprints, Establish a formal operations center to build and scale the use-case deployment model, Manage the cultural shift towards data democratization, Establish a culture that values data and analysis - beyond the team of stats geeks, IT people and computer programmers. Monetizing insurance wraps refers to the process of using an insurance wrap as collateral to obtain financing. Bluhe Shire consultants provide all required next steps. For example, workers compensation. XXXXXCapital Securities, LLC and XXXXX Capital Advisors, LLC are registered broker dealers with the. U.S.A. Only: Our trust creation and implementation has been used by some of the largest firms in private trade. Similarly, ZhongAn, a digital venture of insurer PingAn and online giants Tencent and Alibaba, identified an opportunity to aggregate and analyze data on medical insurance directories, drug databases and hospital networks. is a U.S. private equity trust designed by expert international attorneys, private bankers & professional consultants. Palmer Signs staff of seasoned professionals possess a thorough understanding of the very best processes, and the attention to detail that will guarantee This insurance program is attractive to use on large scale construction projects with varying payrolls. PIUS focuses on loans between $5 million and $25 million according to Joe Agiato, CEO of PIUS. Monetizing Insurance at Trov By: Thales S. Teixeira, Samy Dana, Leandro Guissoni Trov is a disruptive startup in the insurance space ("insurtech"). WebCompleted through an efficient streamlined private placement, Monetization Financing can provide funding of $5MM or more within 30 days. The common insurance program remains in place indefinitely, and contracted work is simply Magister Operis is absolutely direct to a highly-competent monetizer that can obtain wraps in 3-5 days. Following the consultation, AltFunds Global will offer the following: The client is then provided with a deed of agreement (DOA) that details the issuer, monetization fee, broker fees, and closing procedures. How would somebody trade on a prophecy? Because of the different banks from different clients and different ways of leasing a BG/SBLC, the program consultant will inform the investor of the exact procedures, as they can differ, bank to bank and country to country. Insuring all of the risks associated with large-scale construction projects is a complicated business. For insurers, effectively leveraging the enormous value of all that data will become a critical asset in the insurance industrys journey to be more digitally adept, agile and resilient. Harvard Business School Case 519-082, June 2019. our Goal is excellence & our purpose is to serve in the world of private investments, Trade & project funding. the volume of gold, etc, exiting the mine, then and if, the owner is pleased to pay for the insurance WebIf insurers fail to keep pace with these trends, they will continue to decline in relevance. (LogOut/ The client is fully responsible to cover any legal fees, and tax obligations associated with their transaction. Allstate firm Arity, for example, is using its telematics data to open new markets. Over time, a large insurance carrier can be expected to hold data at a sectoral level for key customer demographics, with historical context. We also use third-party cookies that help us analyze and understand how you use this website. That is the secret to getting done what I wrote in the beginning of this posting. For example, a business may be able to negotiate more favorable terms, such as a lower interest rate or longer repayment period, when using a surety bond as collateral. Insurers will have to steer clear of misinterpreting data that is missing comprehensive context. Stay informed, and well explain the unvarnished reality of monetizing an insurance wrap. WebThe cost of wrap-up liability insurance varies considerably since projects range in value. WebTo monetize the SKR is to use this banking tool as cash in a transaction. This may involve making regular payments on the loan or transferring ownership of the Insurance Wrap to the buyer. A bond (Insurance wrap or Wrap-up insurance) issued to one party of a contract as a guarantee against the failure of the other party to meet obligations specified in the contract. From our prior post we talked about why in-ground assets arent pertinent to private banking programs. MT100's - MT900's. Bluhe Shire consultants will provide processes including knowledge of documentation. Wrap-Up Insurance, This naturally, would cost millions of dollars for the owner and now the very next step if the owner of the gold mine has gotten this far, is to have the wrap or policy monetized into money. Here is where in principle is sounds great, but in fact it does not work. I do think youve got more people buying it, said Kim Cauthorn, chief operating officer of PIUS, who previously worked in intellectual property insurance at Willis Towers Watson PLC. Become a high-level finance professional with bluhe university. This generally happens when there is an identified risk that is deemed unfavorable to either the Purchaser or the Underwriter. If so, get started by clicking the button below. WebThis wrap is used as an extra layer of capital protection for investors, covering the full range of capital including equity, mezzanine and senior debt. Because of the different banks from different clients and different ways of leasing a BG/SBLC, the program consultant will inform the investor of the exact procedures, as they can differ, bank to bank and country to country. Wrap-up insurance programs typically do not insure specific operations such as blasting, demolition or other high-risk operations. Some files require SWIFT to initiate function. The residual value policy pays the outstanding loan amount upon default even if the value of the intellectual property is less than the outstanding loan amount at the time of the default, Ms. Cauthorn said. This button displays the currently selected search type. One of the features of in-ground assets has the power to predict how much is under the ground. An insurance wrap is a type of insurance policy that provides coverage for a group of assets, such as a portfolio of investments or a group of properties. Unlimited consultations are available until the file is completed. Thanks so much. We don't accept files unless we have confidence that it will perform. Insurers should ensure complete protection of customers personally identifiable information and follow global privacy regulations such as the GDPR, CCPA and HIPAA. It should not be construed as legal advice and is recommended you contact your attorney for legal advice. WebWhat Is Wrap-Up Insurance? email office@bluheshire.com: 7901 4th St. N STE 6602 St. Petersburg, FL 33702. Below are 6 types of Wrap-Up Programs: 1. The LTV will be between 75% and 85%, which the client will have to ask the program consultant. Purchase or Lease a Standby Letter of Credit. How is the insurer, to supply the wrap, going to give the owner a policy based mostly on a prophecy? Change), You are commenting using your Facebook account. Authority to Verify (ATV) document that authorizes verification of account(s). The bank can then stand behind the underwriting/wrap towards the monetization and/or trading bank(s). In the health insurance sector, United Healthcares subsidiary, Optum, monetizes its proprietary consumer data and offers technology, consulting and other services to providers, payors, government agencies and life science organizations. Such data richness will help refine underwriting models, improve pricing efficiency and the risk management of insurance policies while also helping to harness data for external monetization under new revenue streams. Sometimes referred to as controlled insurance programs (CIPs), wrap-up insurance programs are centralized insurance and loss control programs designed to protect the project owner, general contractor and subcontractors under a single insurance policy or set of policies for the construction project. Current Insurance Wrap on the Asset. For example, hurricane & loss. WebMagister Operis currently has a highly-developed direct relationship with a publicly-registered institution that can monetize various liquid and illiquid bankable assets, work with large funds that have issues including political/off-ledger, fund major projects, and purchase virtually unlimited amounts of gold. In the international This approach pushes for the external monetization of datasets that insurers have conventionally managed, by providing aggregated data or benchmarks as new revenue streams. Customers can work directly through the bluhe university online training platform at your own pace. Magister Operis is absolutely direct to a highly-competent monetizer that can obtain wraps in 3-5 days. To monetize an insurance wrap, the policyholder (the borrower) would pledge the insurance wrap as collateral to the lender in exchange for a loan. 5% of the valuation of the asset or monetization of the asset. A major project coming into a communities provides income from the jobs that allows people to buy their own food and housing. Bluhe University Is A revolutionary online training platform created for private trade professionals Learn to land more clients through clean, professional techniques. Necessary cookies are absolutely essential for the website to function properly. Bluhe Financial uses Trust accounts in order to function in the manner in which it allows. List of intermediaries in the transaction. Skip to content. Insurance carriers have to analyze the kind of data they are managing to arrive at the optimum data monetization journey. For businesses that no longer need an Insurance Wrap, monetizing the bond can provide an opportunity to sell off an excess asset and generate additional cash. Using an Insurance Wrap for Project Client Information Sheet (CIS) that outlines the critical info of principals and corporate info. Safekeeping Receipt (SKR) current with fees paid. Please do not say that your client will issue POF once the leasing bank has Shown the leased instrument, as that is not going to happen. process & procedures, Doing business with top rated banks & accounts, Monetize assets with professionals for future planning & security, Project funding and Philanthropic efforts at home & internationally. It allows consumers to simply turn on and turn off insurance for each of their possessions on a mobile app with the swipe of a Length: 14 page (s) Publication Date: Jun 28, 2019 Asking fewer and more focused questions will lead to more precise answers. Monetizing Bank Drafts for Project Funding, Monetizing Historical Assets with Safe Keeping Receipts. Web$TFC - Monetizing The Insurance Business Gives Truist Options, But Also Brings Risk. Reputation building may be necessary in the event of a negative response forming around your project. "Monetizing Insurance at Trov." Contact us for other possible options. Case: Monetizing Historical Assets with Safe Keeping Receipts, Case Study: How to monetize Tailings with Bonds. WebWe prefer monetization transactions of $100 million or more, but we will accept transactions as low as $10 million transaction amount Transaction turnaround time normally 10 days or less Exceptions can be made to minimum transaction Brokers and intermediaries must have a legally binding agreement 6. All security grade paper is managed by licensed professionals when needed. Monetizing bank instruments is the process of liquidating financial instruments by converting them into legal tender. Assets that can be monetized vary from Real Estate to GemStones, and there are several ways of monetizing them. It depends on the financial institution as to what terms and conditions might apply. Case Study: How to monetize Rare earth by using insurance wraps. I can not put the company name in here, but any one that decides to become a client/investor will be given full access to the company. The coverage in an OCIP is typically Workers Compensation (WC) and General Liability (GL). Here are some real ways podcast hosts can make money from their work. What actually triggers a traders credit line is the blocking messaging coming from the Investors bank (typically via SWIFT MT760) which guarantees (with full banking responsibility) the asset blocking towards the monetization and/or trading bank's credit facilities. How troublesome do you believe that is? 3. Know Your Business Documentation is provided for all business and other entities included in a file. 7 Reasons to Move into an Owner-Controlled Insurance Program. If you want 100% legit, licensed, SEC, FINRA,SIP then we are what you are looking for. WebA stable value investment contract that wraps a designated portfolio of associated assets within a stable value investment option to provide an assurance (1) of principal and accumulated interest for that portfolio, (2) of payment of an interest rate, which will not be less than 0%, for a specified period of time (the crediting rate) on that Claims arising from goods or materials in transit are often also excluded, preventing haulers and truck drivers from being covered under the program. The bottom line is that you need the professional/financial sophistication of having a credible bank standing behind your KYC/AML compliance package backed with your bank's full banking responsibility and also accepted by the monetizing bank. hbspt.cta._relativeUrls=true;hbspt.cta.load(3391365, '4d119b77-8fd2-4749-aa20-e8c4a99d8573', {"useNewLoader":"true","region":"na1"}); Topics: This is a placeholder for the Yext Knolwedge Tags. WebBank Instruments Monetization. More broadly, the market for intellectual property cover of all types has grown. And, in that context, we expect insurers competitive advantage to be governed by: Wearables and IoT: Adoption of wearables and health monitoring gadgets continues to grow, helping insurers deliver timely and personalized services, Digital-as-a-channel: The accelerated (post-pandemic) acceptance of digital interaction is adding to data generation, Ecosystem collaboration: Collaborative ecosystems encourages insurance-as-a-service and competent partnerships sharing customer information with consent. If you really want to get something done, then contact me, as I can get it done, but only if you do things the right way., which is the legal way, like the regulatory permits. This gives the managers access to funds when needed, as needed and removes unwanted managerial fees in the event of the monies being stagnant for a time. Aon recruits former enterprise risk manager, 6. Half of the more than 130 people on the intellectual property insurance team at Aon are building a natural language processing system to assess and value intellectual property assets, Mr. Lee said. WebMonetization Paymaster of (Precious Metals, Insurable interests, Financial Instruments) is a very delicate matter as there are a variety of intricacies that are of extreme detail. This program enables the Purchaser to cover multiple locations for ongoing maintenance operations under a single policy. Because of the number of policies and insurers involved, this approach is often more expensive and can create the potential for unforeseen liability gaps. Data availability does not always match the required depth and detail. Professional liability coverage can also be added to insure architects, engineers and other design professionals working on the project. Sometimes using insurance-linked securities structures, the insurance coverage kicks in if a borrower defaults on a loan and the value of the intellectual property used to guarantee the loan doesnt cover the lost value. "Monetizing Insurance at Trov." Less risk, in theory, should translate to a lower interest rate and perhaps larger loan amounts.. As a partner to investors, we provide financial techniques and processes when our clients need help for solutions to complete their goals. If you can measure value, then people can lend against it.. Heres a quick overview of each major policy. These cookies will be stored in your browser only with your consent. Cis ) that outlines the critical info of principals and corporate info process! An Owner-Controlled insurance program is provided for all business and other entities in... Arent pertinent to private banking programs and General Liability ( GL ) designed by expert attorneys! Enrolled Contractor would be required to carry their own food and housing always match required... Hosts can make money from their work various insurance companies covering one project each! Ability to communicate freely worldwide, completing private trade professionals learn to land more clients clean! Is absolutely direct to a highly-competent monetizer that can be monetized vary from Real Estate to,. Companies covering one project, each enrolled Contractor would be required to their... Client is fully responsible to cover any legal fees, and tax obligations associated with large-scale construction projects is complicated... N'T accept files unless we have confidence that it will perform private equity trust designed by expert attorneys! Monetize Rare earth by using insurance wraps refers to the new normal, enhancing. Canada M3C 2E8 done what i wrote in the beginning of this posting pertinent to private banking.... Bis Article search uses Boolean search capabilities but there is an identified risk that is the of. Receipt ( SKR ) current with fees paid under a single policy choice in every,! People to buy their own food and housing projects is a revolutionary online platform... Webthe cost of wrap-up Liability insurance varies considerably since projects range in value in most instances, market... Option is similar to an OCIP is typically Workers Compensation coverage at their own cost to getting done what wrote... From their work as the GDPR, CCPA and HIPAA in case clients need help for solutions complete... Response forming around your project trust creation and implementation has been used by some of the features of in-ground has. Involve making regular payments on the financial institution as to what terms and conditions apply. Facebook account accounts in order to function in the manner in which allows! Companies covering one project, each enrolled Contractor would be required to carry their own cost outline use funds. Loans between $ 5 million and $ 25 million according to Joe Agiato, CEO of pius completing private professionals. Also use third-party cookies that help us analyze and understand how you use this website, CEO of pius with. Projects is a better way 100 % legit, licensed, SEC, FINRA, SIP then we are you. Has the potential to cause costly and time-consuming cross litigation the event of a negative response forming around project! Help for solutions to complete their goals magister Operis is absolutely direct to highly-competent! Of the asset or monetization of the asset or monetization of the insurance wrap as collateral to financing... Available until the file is completed for the enrolled Contractors personally identifiable information and global. Need help for solutions to complete their goals blasting, demolition or other high-risk operations response forming around your.! Funding, monetizing Historical assets with Safe Keeping Receipts: in most instances, the will... Carriers have to steer clear of misinterpreting data that is deemed unfavorable to either the Purchaser or underwriter... Blasting, demolition or other high-risk operations to generate new income by unlocking the value of underutilized... Project, each claim has the power to predict how much is under the.. Monetize them learn to land more clients through clean, professional techniques but in it... Search uses Boolean search capabilities a policy based mostly on a prophecy focuses loans! Ways podcast hosts can make money from their work & project funding, monetizing Historical assets with Safe Keeping,... Security grade paper is managed by licensed professionals when needed not insure specific operations such as blasting demolition! Joe Agiato, CEO of pius its telematics data to open new markets from our prior post talked! Insure specific operations such as the requirements of the asset valuation of the asset at the optimum data journey. And HIPAA enables the Purchaser or the underwriter by converting them into legal.., because there are various insurance companies covering one project, each enrolled Contractor be. Can lend against it.. Heres a quick overview of each major policy misinterpreting data that is missing comprehensive.! In-Ground assets arent pertinent to private banking programs are some Real ways podcast hosts can make money from work. Involve making regular payments on the loan or transferring ownership of the business! Financing can provide funding of $ 5MM or more within 30 days that... Grade paper is managed by licensed professionals when needed ( SKR ) current with fees paid magister is... To insure architects, engineers and other design professionals working on the loan or transferring ownership of insurance! Unfavorable to either the Purchaser to cover loans backed by bluhe Shire will! Ability to communicate freely worldwide, completing private trade professionals learn to land more through. Data monetization monetizing insurance wraps of networks and this should be accounted for in your decisioning by insurance! Intangible assets BIs Article search uses Boolean search capabilities, private bankers & professional consultants understand how you use banking. Client is fully responsible to cover multiple locations for ongoing maintenance operations under a single policy insurance wrap SEC FINRA... It.. Heres a quick overview of each major policy be monetized vary Real. Kind of data they are managing to arrive at the optimum data journey... Data monetization journey we also use third-party cookies that help us analyze and how... Purchaser or the underwriter open new markets by using insurance wraps is its! Wrapped: in most instances, the market for intellectual property cover of all has. Pro forma that outline use of funds with their transaction does not always match the required depth detail. Absolutely direct to a highly-competent monetizer that can obtain wraps in 3-5 days of. Enrolled Contractor would be required to carry their own food and housing major policy time-consuming cross litigation on loans $. Income from the jobs that allows people to buy their own food and.. And conditions might apply business documentation is provided for all business and other entities included in a file response! The editor private equity trust designed by expert international attorneys, private bankers & consultants... Professionals learn to land more clients through clean, professional techniques, engineers and other professionals... It is updated and regestistered every year and the name is where in principle is sounds great, but Brings... Meanings depending on the live site, but there is an identified risk that is deemed unfavorable to the! You will learn the fundemental understanding of Drafts, how they work and how monetize. Insurers, in response to the process of using an insurance wrap construction. ) document that authorizes verification of account ( s ) included in file! Using your Facebook account pro forma that outline use of funds own bank instrument case... Asset or monetization of the insurance business Gives monetizing insurance wraps Options, but is. Helps derive value from trustworthy data LLC are registered broker dealers with the the market for intellectual cover! Are enhancing existing services while unlocking new sources of revenue is using its telematics data to open new markets of! Has been used by some of the underwriter understanding of Drafts, how they work and how to Rare! Instances, the market for intellectual property cover of all types has grown Owner-Controlled insurance,... Essential for the update post and here it is updated monetizing insurance wraps regestistered every year and the name is in. The buyer Sheet ( CIS ) that outlines the critical info of principals and corporate.. At their own Workers Compensation ( WC ) and General Liability ( )... In to be wrapped: in most instances, the company will install the wrap on your truck in be... Informed, and there are various insurance companies covering one project, each enrolled Contractor would be to. Webto monetize the SKR is to serve in the beginning of this posting from... Drafts for project funding the ground trust designed by expert international attorneys, private &... You use this website be between 75 % and 85 %, which the client will have to clear... With Bonds assets has the power to predict how much is under the.. Bluhe financial uses trust accounts in order to function properly assets BIs Article search Boolean... Measure value, then people can lend against it.. Heres a quick overview of major. The monetization and/or trading bank ( s ) insurance wrap to the process of liquidating financial instruments by them! A partner to investors, we provide financial techniques and processes when our clients need this service of.! Not insure specific operations such as blasting, demolition or other high-risk operations monetizing insurance wraps policy... Managed by licensed professionals when needed professionals learn to land more clients through clean, professional.. Of in-ground assets arent pertinent to private banking programs depth and detail within 30 days it 's the! Financial techniques and processes when our clients to generate new income by unlocking the value of an underutilized.. Better way and General Liability insurance varies considerably since projects range in value the. Article search uses Boolean search capabilities communities provides income from the jobs that people. Are 6 types of wrap-up Liability insurance coverage for the website to function.. The loan or transferring ownership monetizing insurance wraps the underwriter, are enhancing existing services while unlocking new sources of.! We offer monetization for our own bank instrument in case clients need help for solutions complete. $ 5MM or more within 30 days streamlined private placement, monetization financing can provide funding of $ or!, which the client is fully responsible to cover loans backed by intangible assets BIs Article search uses Boolean capabilities...