March 2025
Keep Up! The 'AI Boom' Is Reshaping the Cyber Insurance Industry

By Archie Whitehead, Senior Broker, New Dawn Risk

You don’t have to be a cyber expert to know that Artificial Intelligence (AI) has become a key focus of development for firms of all sizes in recent years. Generative AI (GenAI) can take the form of either Large Language/Multimodal Models (such as those that power familiar platforms, such as ChatGPT) or image/video diffusion models. Both LLM/LMMs and diffusion models are trained to leverage vast amounts of data to push the boundaries of creativity and efficiency. These models are being adopted by businesses to create new 'human-like' content in both the work and entertainment space. With this seemingly endless potential, it may not be surprising that the GenAI market is estimated to grow to a value of $1.3 trillion over the next 10 years, up from $40 billion in 2022, according to Bloomberg Research.

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