Description: This article is written in response to the article that appeared in the February/March issue of The Actuary entitled Better Standards for Setting Standards written by Dave Kass. It discusses the process itself, the time it takes to develop or change standards and how quickly new ideas should be incorporated in the standards.

Description: This article presents an interview with Prakash Shimpi about his career and the practice of Enterprise Risk Management [ERM]. Shimpi, FSA, CFA, joined the Tillinghast business of Towers Perrin in November 2004 as practice leader with global responsibility for ERM.