A shallow talent pool coupled with today’s rapid speeds of innovation are the biggest impediments to insurers’ efforts in going digital, according to chief executive offers from Munich Re and State Auto Insurance Companies.

“All products were new once, but the single biggest difference now is speed. What used to take 12 to 15 years to build doesn’t take as much time anymore,” said Munich Re CEO Anthony Kuczinski, during a panel discussion Tuesday at the Property/Casualty Insurance Joint Industry Forum.

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