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Concirrus: If AI Is Good Enough for Government, It’s Good Enough for Insurance

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LONDON, March 14, 2025 /PRNewswire/ — AI to Replace Civil Servants and Save £45 Billion: What Does This Mean for Insurance? 

The UK government is betting big on AI. Prime Minister Sir Keir Starmer has pledged to replace civil servants with artificial intelligence, calling the state “overcautious and flabby” and promising sweeping reforms. The goal? To cut inefficiencies and save taxpayers £45 billion through automation. 

With thousands of government jobs under review and AI well-suited for routine tasks, the civil service could unlock unprecedented efficiency – saving an estimated £45 billion while empowering its workforce 

Will the Government’s use of AI legitimise its use in wider industry? Are their parallels within insurance?   

The insurance industry faces the same challenges as a market that’s burdened with time-consuming, manual data entry and administrative tasks. AI is poised to change that by automating these processes, allowing underwriters to focus on higher-value decisions, resulting in faster, more accurate quotes, better risk management and a more competitive insurance market. 

Much like in government, AI can reduce operational costs in insurance by eliminating repetitive tasks such as keying (and re-keying) submissions, document analysis, and manual risk evaluations. By leveraging AI, insurers can significantly speed up the quote process, improve efficiency and lower premiums. 

Rewriting the Underwriter job description 

However, AI isn’t replacing underwriters; it’s redefining their roles. As Starmer put it, “No person’s time should be spent on a task where AI can do it better, quicker, and to the same high quality.” 

For underwriters, this signals a shift from administrative work to strategic decision-making, portfolio expansion, and coverage innovation. Instead of spending time on data entry or outsourcing submissions for manual processing, underwriters will be free to focus on evaluating complex risks and maximising capacity deployment. 

AI won’t make you obsolete; but your competitors using it might 

As the government leads the charge in AI-driven reform, the insurance sector must follow. AI is not just a tool for cost-cutting, it’s a powerful driver of efficiency, customer experience, and competitive advantage. 

The question is no longer if AI will reshape underwriting but how quickly insurers will adopt it. Those who embrace AI may well outpace their competitors. Those who don’t? They risk being left behind, because AI won’t replace underwriters – but underwriters who use AI will replace those who don’t. 

About Concirrus 

Concirrus revolutionizes underwriting in specialty and commercial insurance with AI-driven solutions that turn hours-long processes into decisions made in seconds. Founded in 2012, it serves sectors like aviation, transportation, marine, surety, construction, political violence, and terrorism. Trusted by leading insurers, its AI analytics streamline operations, optimize risk assessment, and empower smarter, faster decisions in a rapidly evolving industry. To learn more, visit: https://concirrus.ai 

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BingX Joins NBX 2025 as a Gold Sponsor: Empowering Blockchain Innovation

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PANAMA CITY, March 15, 2025 /PRNewswire/ — BingX, a global leading cryptocurrency exchange, is excited to announce its participation as a Gold Sponsor at the 5th edition of Next Block Expo (NBX), scheduled for March 19-20, 2025, at Multikino Złote Tarasy in Warsaw, Poland. As one of Europe’s premier Web3 events, NBX 2025 is expected to attract over 2,000 attendees, making it a key platform for blockchain innovation and collaboration.

NBX serves as a dynamic hub for industry leaders, startups, investors, and developers, fostering knowledge-sharing and networking opportunities to drive the future of blockchain. As a firm advocate for Web3 advancements, BingX will showcase its ongoing commitment to innovation through an interactive booth, featuring engaging activities, expert insights, and exclusive giveaways. Attendees will gain firsthand knowledge of how BingX supports high-potential blockchain projects with financial backing, technical expertise, and strategic growth consultations.

In addition to its sponsorship, Vivien Lin, Chief Product Officer of BingX, will be a key speaker at NBX 2025, contributing to discussions on strategic trading approaches, risk management, and the evolving landscape of blockchain investments. She will also deliver a keynote speech exploring BingX’s vision for blockchain innovation and how the company translates emerging technologies into real-world applications.

“At BingX, we believe that true innovation comes from bold ideas and strategic execution,” said Lin. “Sponsoring NBX 2025 is more than just a presence for us — it’s a commitment to fostering a thriving blockchain ecosystem. We are here to connect with visionaries, provide the resources they need, and help shape the future of decentralized technology. By empowering builders and innovators, we’re not just supporting projects — we are accelerating the evolution of Web3 itself.”

BingX’s participation at NBX 2025 underscores its long-term vision of driving blockchain innovation and supporting the next generation of industry leaders. As BingX continues to expand its global footprint, initiatives like this sponsorship reinforce its role as a catalyst for growth in crypto space. By engaging with emerging projects, thought leaders, and investors, BingX remains at the forefront of Web3 advancements, bridging the gap between groundbreaking ideas and real-world impact.

About BingX 

Founded in 2018, BingX is a leading crypto exchange, serving over 20 million users worldwide. BingX offers diversified products and services, including spot, derivatives, copy trading, and asset management – all designed for the evolving needs of users, from beginners to professionals. BingX is committed to providing a trustworthy platform that empowers users with innovative tools and features to elevate their trading proficiency. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking an exciting debut in the world of sports.

For more information please visit: https://bingx.com/

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SOURCE BingX

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Create the Future: Elegoo Celebrates 10 Years and Prepares New Offerings for Global 3D Printing Community

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SHENZHEN, China, March 15, 2025 /CNW/ — Elegoo, a rapidly developing brand in global smart manufacturing, is celebrating its 10th anniversary with the theme “Thrive, Empower, Next”. This milestone moment is packed with exciting events, sneak peeks at upcoming products, and a heartfelt thank-you to the incredible community that has been part of its journey.

Thrive: a decade of thriving innovation

Since its founding in 2015, Elegoo set out with a clear mission: to provide unique and smart creative spaces for everyone. What began with the introduction of Arduino STEM kits quickly evolved as the brand relentlessly pushed forward, expanding its reach into the world of 3D printing. This journey led to the creation of the groundbreaking Centauri Carbon, a product that has made waves and cemented its place as a game-changer in the industry. Most recently, Centauri Carbon won the iF DESIGN AWARD 2025, highlighting its innovation and design excellence.

Today, Elegoo has established itself as a trusted name, with millions of products sold across more than 90 countries and regions, earning a global fanbase for its reliability, exceptional performance, and commitment to continuous improvement. To further engage and support its growing community, Elegoo has also launched a worldwide brand ambassador program, uniting passionate creators to inspire and empower fellow makers.

Empower: empowering creators and makers worldwide

Starting March 16, Elegoo will launch My ELEGOOD Moment, a community-driven initiative inviting users to share their most memorable experiences with Elegoo. Whether it’s an inspiring project, a game-changing 3D print, or a story of how Elegoo made life better, these moments will be highlighted across social media. Users whose stories are featured will have a chance to win flagship printers like the Centauri Carbon and Saturn 4 Ultra 16K, along with other exclusive rewards. Additionally, a community-focused design contest is coming soon, with full details to be announced in the coming weeks.

Next: together, on the journey to the next chapter

At RAPID + TCT this April, Elegoo will debut its latest 3D printer, Jupiter 2, alongside the Centauri Carbon and other new offerings. And this is just the beginning; more exciting products and events are set to launch later this year. As Elegoo enters its next decade, it remains committed to driving innovation, empowering its global community, and exploring the future of 3D printing.

“When we started, we had a bold vision – to create the future with smart manufacturing. What began as an idea has transformed into a thriving company, empowering creators and enhancing personalized experiences for countless individuals,” says Chris Hong, Founder and CEO of Elegoo. “The 3D printing industry is evolving faster than ever, and we believe that continuously improving our products based on community feedback reflects the attitude a company should have toward innovation. Together, we will keep innovating, dreaming big, and shaping the future of smart manufacturing for the next decade and beyond.”

To celebrate with Elegoo and learn more about the anniversary events, please visit the Elegoo 10-Year Anniversary page for full details.

About Elegoo

Founded in 2015, Elegoo is a rapidly developing brand in the global smart manufacturing industry, specializing in R&D, manufacturing, and sales of consumer-grade 3D printers, laser engravers, STEM kits, and other smart technology products. Located in Shenzhen, the Silicon Valley of China, the company has sold millions of products across more than 90 countries and regions. In 2024, the company’s total sales revenue surpassed 200 million USD, with close to 700 employees and nearly 30,000 square meters of office and manufacturing area. With a focus on programming and 3D printing technology, Elegoo provides unique and smart creation spaces for diverse consumers to enhance personalized experiences.

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Varda Announces Third Mission Launch, the Company’s Second Launch this Year

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Varda aims to have a monthly launch and reentry cadence, developing a foundation layer for a thriving orbital economy

EL SEGUNDO, Calif., March 15, 2025 /PRNewswire/ — Varda Space Industries, Inc., a microgravity-enabled life sciences and reentry company, today announced the successful launch of its third orbital processing and reentry capsule, W-3, just 15 days after the reentry of the company’s second mission, which landed in Australia on Feb. 27, 2025.

The W-3 vehicle, supported by a Rocket Lab-developed Pioneer satellite like its predecessors, lifted off aboard the Transporter-13 rideshare mission with SpaceX from Vandenberg Space Force Base in California. 

W-3’s payload is an advanced navigation system called an Inertial Measurement Unit (IMU) developed by the US Air Force and Innovative Scientific Solutions Incorporated (ISSI). This payload will be tested at reentry speeds it was designed to withstand but has never encountered before.

IMUs are electronics that can measure an object’s motion, orientation, and velocity. For example, everything from cars to wearable fitness trackers have similar devices to tell their computer the orientation and location without the aid of an external signal like a GPS, though commercial IMUs are notoriously inaccurate at high-speed conditions. Varda’s capsule can help test these devices for our government and commercial partners to advance research into high-hypersonic technologies.

“The need for robust, plug-and-play IMU technology is a growing capability area that will significantly advance the current state-of-the-art for domain awareness and control of future systems,” said Dr. Steve NeVille, senior scientist at ISSI. “The W-3 reentry flight test with Varda provides an exciting and unique proto-qualification platform to rapidly advance our IMU technology readiness level in a relevant reentry environment, which is the pinnacle of early development testing.”

Varda’s capsule reenters the Earth’s atmosphere at speeds exceeding Mach 25, a unique environment that offers researchers a chance to gather data for multiple applications, expanding the possibilities for the orbital economy and supporting US national security interests in low Earth orbit.

“Varda’s commercial dual-use reentry capability is a game-changer for enabling rapid technology maturation for future systems,” said Technical Lead for AFRL’s Prometheus reentry testbed program, Dr. Erin Vaughan. “Affordable, frequent reentry flight test opportunities support S&T development for early risk reduction studies, reducing cost and schedule for novel technologies.”

The W-3 capsule’s payload is funded through the Prometheus program, an initiative from AFRL in partnership with Varda. The program addresses a national security need to accelerate testing and modernization of high-hypersonic systems and reentry technologies through a low-cost, high-cadence commercial flight testbed.

“High-cadence, routine operations is our goal. We are working to make reentry as commonplace as launch,” said Varda Vice President for Mission Management, Brandi Sippel. “We are looking forward to the day when sending capsules into orbit and back to Earth is seen as routine.”

W-3 will spend a few weeks on orbit before reentering and landing safely at the Koonibba Test Range in South Australia, operated by Southern Launch. Varda’s second capsule, W-2, was Australia’s first-ever commercial land reentry.

Distribution Unlimited; Approved for Public Release. Public Affairs Release # AFRL-2025-1094

About Varda

Varda Space Industries is making reentry as common as launch. We are building the infrastructure for a thriving orbital economy, from in-orbit pharmaceutical processing to reliable and economical reentry capsules. The company operates out of El Segundo, California with office and industrial production space. Follow Varda on X (@vardaspace), Instagram (@vardaspaceindustries), and LinkedIn.

For Investor Inquires: ir@varda.com

For Media Inquiries: media@varda.com

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SOURCE Varda Space Industries Inc.

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