The insurance industry is " sleepwalking " into a market it is unprepared to invest , said Lloyd 's of London investment Executive Officer Inga Beale . The head of the London market said the sector faced new risks in the future of technology and emerging economic powers and that it had to be " fully aware of what is going on around us " . Beale told a conference in Dubai : " New technology is changing the way we operate and allowing the competition to do it better than us . "
The insurance industry is "sleepwalking" into a future it is unprepared to meet, said Lloyd's of London Chief Executive Officer Inga Beale. The head of the London market said the sector faced new risks in the form of technology and emerging economic powers and that it had to be "fully aware of what is going on around us". Beale told a conference in Dubai: "New technology is transforming the way we work and allowing the competition to do it better than us."