{"id":2145,"date":"2023-12-21T09:32:21","date_gmt":"2023-12-21T01:32:21","guid":{"rendered":"https:\/\/www.1ai.net\/?p=2145"},"modified":"2023-12-21T09:32:21","modified_gmt":"2023-12-21T01:32:21","slug":"%e4%bf%9d%e9%99%a9%e5%85%ac%e5%8f%b8beazley%e4%b8%93%e5%ae%b6%e9%a2%84%e6%b5%8b2024%e5%b9%b4%e7%94%9f%e6%88%90%e5%bc%8fai%e5%b0%86%e7%bb%a7%e7%bb%ad%e6%98%af%e6%9c%aa%e7%9f%a5%e9%a3%8e%e9%99%a9","status":"publish","type":"post","link":"https:\/\/www.1ai.net\/en\/2145.html","title":{"rendered":"Insurance company Beazley experts predict: Generative AI will continue to be an unknown risk in 2024"},"content":{"rendered":"<p>In the global insurance sector,<a href=\"https:\/\/www.1ai.net\/en\/tag\/%e7%94%9f%e6%88%90%e5%bc%8f%e4%ba%ba%e5%b7%a5%e6%99%ba%e8%83%bd\" title=\"[View articles tagged with [generative artificial intelligence]]\" target=\"_blank\" rel=\"noopener\">Generative AII<\/a>Considered an unknown risk for 2024, Paul Bantick, cyber risk director at global specialty insurer Beazley, said that both the benign and malign applications of generative AI technology will continue to be an unknown challenge.<\/p>\n<p>Bantick noted that Beazley's Risk &amp; Resilience research shows that as generative artificial intelligence technology rapidly develops, concerns about cybersecurity risks will continue to dominate the risk agenda of corporate executives, with 27% of executives believing that cybersecurity will become their main risk in 2024.<\/p>\n<p class=\"article-content__img\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-2146\" title=\"202308211451227019_1\" src=\"https:\/\/www.1ai.net\/wp-content\/uploads\/2023\/12\/202308211451227019_1.jpg\" alt=\"202308211451227019_1\" width=\"1000\" height=\"666\" \/><\/p>\n<p>Source Note: Image generated by image licensing service provider Midjourney<a href=\"https:\/\/www.1ai.net\/en\/tag\/ai\" title=\"[View articles tagged with [AI]]\" target=\"_blank\" rel=\"noopener\">AI<\/a>Generated by image licensing service provider Midjourney<\/p>\n<p>Based on the growth we\u2019ve seen, we expect the cyber insurance market to grow three times in size over the next three to four years,<\/p>\n<p>To meet this demand, Bantick believes a vibrant cyber insurance market is needed, including effective solutions for catastrophe risk, to increase premium capacity in the cyber (re)insurance market and meet the growing demand for insurance.<\/p>\n<p>Additionally, Beazley is the first company to launch a private cyber catastrophe bond, and Bantick said recent developments in the cyber catastrophe bond market are encouraging.<span class=\"spamTxt\">firstIteration<\/span>A 144A transaction first occurred.<\/p>\n<p>In reviewing industry developments over the past 12 months, Bantick noted that the emergence of the cyber insurance-linked securities (ILS) market was a major step forward following Beazley's launch in January 2023.<span class=\"spamTxt\">the first<\/span>following cyber disaster bonds<span class=\"spamTxt\">latest<\/span>progress.<\/p>\n<p>We hope this will generate continued interest in these deals, providing additional capacity to meet the growing demand for cyber insurance from businesses and society,<\/p>\n<p>Bantick also said he was 'excited to see other cyber catastrophe bond programs make progress this year.' Looking ahead to 2024, Bantick explained that the company predicts the industry will see an increase in the number of cyber bonds as the market 'evolves, grows, and becomes more mainstream.'<\/p>","protected":false},"excerpt":{"rendered":"<p>In the area of global insurance, generated artificial intelligence is considered an unknown risk in 2024, and Paul Bantick, the network risk director of the global professional insurance company Beazley, states that the benign and vicious application of generated artificial intelligence technology will continue to be an unknown challenge. According to Bantick, Beazley ' s Risk &amp; Reassilience study shows that, with the rapid development of generating artificial intelligence, concerns about cybersecurity risks will continue to dominate the risk agenda of corporate executives, with 27% executives suggesting that cybersecurity will be their main risk in 2024. Figure source note: Image generated by AI, photo authorized service provider Midjourney: \"We expect the web based on the growth we see<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[146],"tags":[411,729],"collection":[],"class_list":["post-2145","post","type-post","status-publish","format-standard","hentry","category-news","tag-ai","tag-729"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/posts\/2145","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/comments?post=2145"}],"version-history":[{"count":0,"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/posts\/2145\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/media?parent=2145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/categories?post=2145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/tags?post=2145"},{"taxonomy":"collection","embeddable":true,"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/collection?post=2145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}