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Insurance insights: Experts foresee 2025 as the year of the modern insurer

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Emerging technologies and trust predicted to crown carriers amid sector uncertainty, predict industry experts from SAS

CARY, N.C., Dec. 4, 2024 /PRNewswire/ — As carriers continue to step back from markets at the mercy of climate change, the next generation of insurance professionals will step up to lead the industry forward. 2025 will be the year of the modern insurer, forecast experts from SAS, representing a defining moment when innovation-focused carriers will decisively confront the industry’s greatest challenges – and reap the benefits with improved speed, productivity and trustworthy results.

“2025 will be the year of the modern insurer, forecast experts from SAS.”

But what defines the modern insurer? While SAS’ thought leaders offer differing visions for the year ahead in the wake of the company’s recent future of insurance study, #Insurance2040 with Economist Impact, they agreed on one thing. The modern insurer will implement rising technologies to enact an industry disruption: a revival of trust for consumers and regulators alike in an era fraught with risk.

All hail omni policies and the trust comeback
“Insurers need a disruptive, trust-centric rebrand to weather current reputational risk and invest in the continuation of the industry. I predict that, by the end of 2025, a major global carrier will announce plans to introduce ‘omni policies.’ By purchasing an omni policy, the customer will pay one premium, on one AI-powered policy, that provides coverage in every applicable insurable domain, no matter the risk that individual presents. An all-encompassing blanket of protection, always on tap.”

Franklin Manchester, Principal Global Insurance Advisor, SAS

Insurers and customers put a price on data privacy
“In 2025, insurers will offer a bold new model: ‘Data for discounts.’ Customers who opt in will share personal information like health metrics, driving habits and spending patterns with carriers, who will fine-tune risk profiles to offer hyper-personalized pricing. For consumers who consent, lower costs await – but costs could climb for the privacy-conscientious. When the choice between data sharing or protecting private data directly impacts coverage affordability, consumers, carriers and regulators will have to decide: can you put a price on privacy?”

Alena Tsishchanka, EMEA and AP Senior Insurance Practice Leader, SAS

Wearable, shareable health data
“With features like real-time ECG monitoring, stress tracking and sleep analysis, wearable technology can give insurers deeper insights into the health of policyholders, allowing for more accurate predictions. This individualized approach represents a significant departure from traditional methods that rely on static actuarial models and historical data to estimate mortality risk.

“European insurers are already rewarding users of health-focused wearables, and insurers worldwide will follow suit. However, the integration of wearable data will put security and data ethics in focus. The transformative potential of personal data will only be realized if insurers build consumer trust and ensure secure and ethical usage of this most sensitive data.”

Amanda Wise, Principal Product Marketing Manager, SAS

Ecosystem-enabled insurance drives growth
“Insurers will embrace partnering with non-traditional stakeholders to offer tech ecosystem-enabled insurance. For example, carriers will offer homeowners insurance in tandem with smart home companies to offer bundled services. While the industry has historically been resistant to such partnerships, a renewed focus on market penetration and customer retention will make ecosystem enablement a new focus for carriers in the year ahead.”

Andrew Pollard, Insurance Specialist, SAS UK and Ireland

The ‘silver tsunami’ comes for insurance
“Based on age demographics, the industry can anticipate that roughly half of insurance professionals will retire over the next five years – and an astonishing amount of industry expertise lost. Industry leaders will step up recruitment of their next-generation successors and start looking at how AI and emerging technologies can help bridge the talent gap. These up-and-comers will sharpen their tech skillsets by investing in data fluency and other technical training to differentiate themselves and put their careers on the fast-track.”

James Ruotolo, Senior Director of Financial Services, SAS

Natural disasters advance insurance scarcity
“I foresee that insurers will respond to 2024’s catastrophic losses by further limiting availability of homeowner and commercial property products in multiple geographies. They will face reputational risk as the public reacts. Residential and commercial real estate transactions will be sharply depressed due to insurance scarcity.”

– Michael “Fitz” Fitzgerald, Insurance Industry Advisor, SAS

Public-private partnerships target the protection gap
“As climate risk becomes more pronounced, we’ll see insurance C-suites pursue public-private partnerships for climate adaptation and resilience. Insurers and governments must provide climate coverage for vulnerable communities facing floods, droughts and other natural disasters. Such partnerships will help narrow the global protection gap – currently valued at $1.8 trillion – and ensure that affordable insurance options remain available.”

Oana Avramescu, Insurance Advisory Industry Consultant, SAS

Compliance clarifies AI priorities
“Insurers operating in or interacting with the EU market will need to adapt to the EU AI Act’s risk-based classification system in 2025, particularly for high-risk AI systems (like underwriting and claims processing). This will lead to increased investment in AI governance frameworks.

“In the coming year especially, insurers will implement regular AI audits to ensure models are compliant with evolving regulations, focusing on bias reduction, explainability and data governance. Carriers will particularly prioritize explainable AI models for underwriting and claims processing to ensure compliance with transparency mandates.

“This may lead to a slowdown in adopting highly complex models like deep learning for critical decisions, with carriers favoring simpler, interpretable alternatives.”

Prathiba Krishna, AI and Ethics Lead, SAS UK and Ireland

Synthetic data levels up the actuarial pricing process
“Advanced insurers will gain a competitive advantage by leveling up the actuarial pricing process. They’ll no longer rely solely on internal data, some of which may contain outdated information. Instead, these insurers’ actuaries will increasingly generate synthetic data to augment their existing data sets and integrate external market data. The result? Synthetic data-forward firms will be equipped to deploy faster, more accurate pricing that’s more aligned with market sensitivities. They’ll increase their profitability – and pull ahead of those further behind in their GenAI journeys.”

Thorsten Hein, Insurance Lead in Risk, Fraud and Compliance Solutions, SAS

Insurers springboard from regulation to revitalization
“Overcoming the fatigue of investing in regulatory solutions, insurance companies of all stripes will shift focus to AI-powered business solutions to help them better serve their customers. Using AI and, by extension, generative AI in insurance will help the industry improve customer engagement and make better decisions in underwriting, policy pricing and fraud detection, just to name a few. AI will also prove the edge property and casualty insurers in particular need to better manage their balance sheets and survive growing impacts of forces like climate change.”

Stu Bradley, Senior Vice President of Risk, Fraud and Compliance Solutions, SAS

Explore the future of AI across industries
Wondering what 2025 will bring in insurance and adjacent industries like banking, the public sector and more? Curious where you fall on the AI optimism spectrum? Visit SAS’ technology and AI predictions homepage to take our “predictions barometer” quiz and explore more forecasts and trends.

About SAS
SAS is a global leader in data and AI. With SAS software and industry-specific solutions, organizations transform data into trusted decisions. SAS gives you THE POWER TO KNOW®.

SAS and all other SAS Institute Inc. product or service names are registered trademarks or trademarks of SAS Institute Inc. in the USA and other countries. ® indicates USA registration. Other brand and product names are trademarks of their respective companies. Copyright © 2024 SAS Institute Inc. All rights reserved.

Editorial Contact:

Julia Norton

Danielle Bates

julia.norton@sas.com

danielle.bates@sas.com 

919-531-4661

919-531-1959

www.sas.com/news

 

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SOURCE SAS

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Wistron Celebrates Grand Opening of First U.S. Smart Factory Marking Milestone in Global Smart Manufacturing Strategy

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FORT WORTH, Texas, July 21, 2026 /PRNewswire/ — Wistron Corporation (“Wistron”) celebrated the grand opening of its D1 AI smart facility in Fort Worth, Texas, the site where the first NVIDIA GB300 Grace Blackwell Ultra Superchip was built and mass-produced in the United States. The US$ 700 million facility, spanning approximately 324,000 square foot, was officially unveiled during a ceremony led by Wistron Chairman Simon Lin and NVIDIA Founder and CEO Jensen Huang. Jessica Rogers, Director of the Economic Development Department for the City of Fort Worth, and Alexander Tah-ray Yui, Taiwan’s Representative to the United States, were among the government officials and business leaders who attended, marking a milestone in the expansion of Wistron’s global footprint and advanced manufacturing capabilities.

This is a key hub in Wistron’s global AI infrastructure manufacturing network. The facility runs on NVIDIA accelerated computing and integrates NVIDIA’s Nemotron and Cosmos open frontier models and Omniverse and Metropolis libraries, using digital twin technology to optimize factory design, production workflows, and operational efficiency. It is Wistron’s first U.S.-based manufacturing facility, established to serve customers locally and produce NVIDIA’s most advanced and cutting-edge products. Wistron Chairman Simon Lin said “The operation here is not typical manufacturing. It is new, very comprehensive, and high-tech. Right now we produce the NVIDIA GB300 Grace Blackwell Ultra Superchip, and beyond, we are also going to produce the NVIDIA Vera Rubin Superchip here. In the next couple of years, this location will be one of the most important, as we build AI infrastructure here in the United States. I think this is the reason we say that there will be the next chapter, and we are going to empower AI from Texas.”

Responding to Customer Needs: Texas, the Newest Global Manufacturing Hub
At this pivotal moment for global AI infrastructure, Wistron is drawing on decades of global manufacturing experience to expand its footprint in Texas, a state with a well-established ecosystem for logistics, talent recruitment, and advanced manufacturing. The new D1 facility produces the NVIDIA GB300 Grace Blackwell Ultra Superchip and soon, the NVIDIA Vera Rubin Superchip — critical to powering the next generation of AI computing. The new Fort Worth facility strengthens a critical upstream layer of the AI infrastructure supply chain by expanding domestic capacity to assemble and test NVIDIA AI systems. These servers can be integrated into NVIDIA DSX infrastructure, with DSX providing the common architecture and technologies needed to deploy and operate energy-efficient AI factories at scale.

One-Stop Operational Ecosystem Strengthens U.S. AI Supply Chain Resilience
Behind every breakthrough in AI computing lies the manufacturing capability to scale it. Wistron is expanding its AI server production capabilities from Taiwan to the United States, guided by a vision of precision, efficiency, and sustainability. This reflects a broader industry shift: AI leadership is determined not only by technological breakthroughs, but also by the operational capability to transform innovation into high-volume production with consistent quality, supply chain resilience, and predictable delivery. By establishing AI infrastructure manufacturing capacity in the United States, Wistron is building a one-stop operational ecosystem spanning manufacturing and after-sales service — shortening delivery timelines and customer support cycles, strengthening supply chain resilience, and laying the foundation for long-term competitive advantage as AI infrastructure continues to scale.

Partnering with NVIDIA to Pioneer a New Model for Smart Manufacturing and Energy Optimization
As the era of physical AI begins, Wistron is extending its smart manufacturing capabilities to the United States, creating a new model for AI infrastructure production built on digital manufacturing, energy optimization, and local operations. Jensen Huang said: “The largest infrastructure buildout in history is underway. Demand for AI factories—the engine of this next industrial revolution—is incredible, and they must be produced everywhere. Together, NVIDIA and Wistron are restoring US advanced manufacturing capacity in Texas, creating skilled jobs and strengthening America’s AI supply chain.” As demand for advanced manufacturing grows in Texas, smarter planning of production loads and energy use will give the plant greater control and flexibility over its electricity needs.

Turning Global Experience into Scalable AI Infrastructure
Simon Lin stressed that the speed the AI era demands comes with its own responsibility. “In the AI era, the pressure of speed is also a form of responsibility,” Lin said. “We don’t just need to build fast; we need to build right.”

The Fort Worth plant will serve as the core engine of Wistron’s U.S. manufacturing operations, the company said, connecting its global production network with ecosystem partners as it scales advanced AI manufacturing. Wistron said that the investment reflects efforts to deepen its technical capabilities, strengthen the resilience and efficiency of global supply chains, and support the next phase of AI infrastructure development.

About Wistron:
Wistron Corporation is a leading global technology service provider delivering advanced ICT products, AI infrastructure, and manufacturing solutions to technology brands worldwide. With more than 63,000 employees across North America, Europe, and Asia, Wistron continues to expand its AI, cloud, and advanced manufacturing capabilities to support the next generation of intelligent computing. For more information about Wistron, please visit the official website at www.wistron.com. Additional information about the event is available on the event website.

Media Contact:
Joyce WL Chou
joyce_wl_chou@wistron.com

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SOURCE Wistron Corporation

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NSG Bio Accelerates Breakthrough Biotech Innovation in Singapore

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New initiative under NSG Bio Tomorrow will support promising startups developing next-generation approaches in respiratory and neonatal care

SINGAPORE, July 22, 2026 /PRNewswire/ — The NSG Bio Tomorrow initiative aims at supporting emerging life sciences startups working on complex challenges in respiratory and neonatal care.

Launched through the support of Chiesi Group, The Impulse initiative will provide a selected startup with one year of NSG Bio membership and access to a dedicated laboratory bench at NSG Bio Singapore. The initiative is designed to help early-stage biotech companies move from promising science toward stronger proof-of-concept work in a fully equipped research environment.

The initiative comes at a time when the biotech industry is increasingly looking for faster, more connected ways to move high-potential science from the lab toward real-world patient impact. For startups, access to infrastructure is only one part of the challenge. Equally important are the right networks, industry visibility, technical environment, and opportunities to engage with partners who understand the path from early discovery to clinical relevance.

The programme will focus on startups developing innovative biotechnological solutions with potential relevance to chronic respiratory diseases and neonatal conditions. Areas of interest include cell therapies, gene therapies, gene-editing technologies, regenerative tissue engineering, engineered or programmable living systems, lung-targeted delivery platforms, preventive approaches, and small-molecule-based approaches.

The selected startup will gain access to NSG Bio’s laboratory infrastructure, shared workspaces, meeting facilities, and wider community of biotech entrepreneurs, researchers, scientific leaders, and industry partners. The support is intended to help the company advance key research milestones while becoming part of Singapore’s growing life-science innovation ecosystem.

For NSG Bio, the initiative is part of NSG Bio Tomorrow, its ecosystem-building arm created to expand the company’s role beyond facilities and real estate. While NSG Bio is known for providing high-quality laboratory and office infrastructure for biotech companies, NSG Bio Tomorrow focuses on building the programmes, partnerships, and opportunities that help startups grow.

“Biotech companies need more than lab space. They need access, momentum, and the right ecosystem around them,” said Hasyim Sim, Co-Founder and Chief Operating Officer, NSG Bio. “Through NSG Bio Tomorrow, we are building initiatives that help promising startups connect with partners, unlock opportunities, and move their science forward. This initiative reflects exactly the kind of role we want to play in the biotech ecosystem.”

“Chiesi is committed to supporting innovation that can make a meaningful difference for patients, and we work with entrepreneurs, researchers and partners to advance meaningful ideas,” said Fabrizio Conicella, Vice President, Center of Open Innovation & Competence at Chiesi Group. “By supporting this NSG Bio Tomorrow initiative, we want to create an opportunity for early-stage innovators to access the infrastructure and ecosystem support needed to develop impactful science in respiratory and neonatal care.”

NSG Bio Tomorrow programme also reinforces Singapore’s position as a growing hub for biotech innovation in Asia, where startups, research institutions, investors, and industry partners are increasingly coming together to support the next generation of healthcare companies.

Applications open on 22 July 2026 at 09:00 a.m. SGT. Finalists will be invited to present at a virtual pitch event, after which the selected startup will be announced.

About NSG Bio

NSG Bio is Singapore’s leading provider of BSL-2 certified co-working laboratory and office spaces, supporting life-science companies from early research through growth. Through its facilities, community, and ecosystem initiatives, NSG Bio enables biotech innovators to accelerate research, access networks, and build companies that address critical healthcare challenges.

About NSG Bio Tomorrow

NSG Bio Tomorrow is NSG Bio’s ecosystem-building arm, created to support the next generation of biotech innovation through partnerships, programmes, community initiatives, and opportunities that extend beyond physical laboratory infrastructure. Its mission is to strengthen the biotech industry by connecting startups with the resources, expertise, and networks they need to thrive.

About Chiesi Group 

Chiesi is a research-oriented international biopharmaceutical group that develops and markets innovative therapeutic solutions in respiratory health, rare diseases, and specialty care. The company’s mission is to improve people’s quality of life and act responsibly towards both the community and the environment. As a certified B Corp since 2019, Chiesi is part of a global community of businesses that meet high standards of social and environmental impact. 

With 90 years of experience, Chiesi is headquartered in Parma (Italy), with 31 affiliates worldwide, and counts more than 7,900 employees. The Group’s research and development centre in Parma works alongside 6 other important R&D hubs in France, the US, Canada, China, the UK, and Sweden. For further information please visit https://www.chiesi.com/en/home 

Media Contact
Giridharan
Laboratory Manager
NSG Bio
giridharan@nsgbio.com
87797175

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SOURCE NSG Bio

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House Judiciary Committee Passes Bill that Would Prevent Future Immigration Crises: Swift Action Needed by Full House, Says FAIR

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WASHINGTON, July 21, 2026 /PRNewswire/ — Today, the House Judiciary Committee passed an updated version of H.R. 2, the landmark border security bill from last congressional session. The bill now awaits consideration by the full House of Representatives. The Federation for American Immigration Reform (FAIR) urges Speaker Mike Johnson to schedule a final floor vote as soon as possible.

The Secure Border Act systematically closes the loopholes that allowed the Biden administration to unleash the largest and most damaging wave of illegal immigration in American history. Enactment of this legislation would prevent future anti-borders administrations from shirking their responsibilities to secure our borders and enforce our immigration laws; asserting unlimited discretion to parole inadmissible aliens to enter the country; or releasing millions of illegal aliens into the country, rather than detaining them or returning them to the country from which they entered.

“We congratulate the Judiciary Committee for its swift action on this critical legislation,” said Dale Wilcox, executive director and general counsel of FAIR. “Ending border chaos and rampant illegal immigration was a key reason that Republicans regained control of the White House and both chambers of Congress in the last election. The clock is ticking on the 119th Congress, and Republicans only have a short time to deliver on the promises they made to voters in 2024, before the midterms.

“Right now, our immigration laws are being enforced in the interests of the American people. As the last administration demonstrated, enforcement of those laws is not guaranteed unless Congress acts to prevent similar abuse in the future. Now is the time for decisive action in the House, where this bill can be passed with a simple majority vote, and an opportunity for Senate Majority Leader John Thune to put every member of that body on record before voters go to the polls in the fall,” Wilcox concluded.

Hayley Hill, hhill@fairus.org 202-328-7004

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SOURCE Federation for American Immigration Reform (FAIR)

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