In 2024, generative AI will continue to pose unknown risks to the global insurance industry. Research from Beazley highlights that cybersecurity has become one of the primary concerns for corporate executives. The company forecasts that the cyber insurance market will triple in size over the next three to four years and is actively promoting innovation to meet the growing demand. Beazley is also the first to introduce private cyber catastrophe bonds, providing additional capacity to the cyber insurance market. Looking ahead to 2024, the increase in cyber bond projects will continue, becoming a mainstream trend in the market.