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  #1  
Old 01-12-2020, 10:51 AM
fightinphilz fightinphilz is offline
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Default FV-A Spring 2020 - seeking advice

Hello - I sat for DP-A/FV-A in the fall, using the strategy of only studying for DP-A in order to maximize chances of passing, which i did, and now I'm sitting for FV-A only in the spring.

For anyone who actually studied for FV-A this past fall, how do you think this half of the exam compares with other exams like DP-A, Specialty, etc.?

What's the level of difficulty of the exam? And of Reserving vs. Actuarial Appraisal sections?

Given it's only a 2-hr exam, and 104 MATE flashcards, how much time should i budget for studying? Should I treat this like a regular full 5 hour exam in terms of how much study and effort i put into it?

Also it seems more mathematical in nature, should i focus more on the math practice questions rather than memorizing lists?

Any overall reflections and thoughts on how to achieve success on FV-A would be appreciated.
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  #2  
Old 01-12-2020, 01:45 PM
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Climbing Bum Climbing Bum is offline
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IMO FVA difficulty is similar to DPA. I sat for both and only passed the FVA section. Whatever you did for DPA is probably appropriate for FVA. Due to the presence of ASOPs it might actually be less math. And the math there is, is more about understanding topics than thinking on your feet.
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Old 01-13-2020, 05:12 PM
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Scores are out. I got an 8 on FVA and a 4 on DPA. Not going to revise my prior comment, but clearly I know nothing.
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Old 01-13-2020, 08:21 PM
ActuaryGo ActuaryGo is offline
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I am also seeking for advice. For those who pass any FSA exam, what else materials do you guys focus on besides list and math questions? I am using Mate btw.
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Old 01-14-2020, 09:26 AM
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Jdevil Jdevil is offline
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For me personally, reserving was a long and tedious first read, but afterwards was actually pretty easy. I felt pretty good after second read and building a simple table with all reserves types and methods from all material.

Appraisals didn't seem too bad on first read, other than overwhelmingly boring, but I never really understood the concepts too well and then realized at the exam I didn't actually understand it all that well. That part was pretty painful for me, but others seem to have found it pretty easy. In any case, I'm just glad I won't have to read about it again.

I wouldn't study 400h for FV-A alone, there are only 2 sections and I felt the entirety of FV-A + DP-A was not much content compared to core. If you take it "as seriously" as a 5h exam but in 3 months and with a few less hours, it should be a walk in the park.
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Old 01-14-2020, 09:49 AM
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reserving seemed to make sense to me.

except for Prem Def reserving. that is just nonsense. I worked in big life where we did PDR and everyone kinda knew the methodology was mostly nonsense. PDR exam questions are so annoying.

I will be using the MATE manual for FV-A. I have the source books as well, I like to at least skim the source 1x.
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  #7  
Old 01-14-2020, 06:13 PM
Chaos Theory Chaos Theory is offline
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Actuarial appraisal wasn't nearly tested enough in the last FV-A exam. I would expect more difficult questions in future exams. I had a hell of a time memorizing due diligence list questions.

Reserve methodologies are easy but I've tripped a ton in the past on it, due to the tendency of SoA giving exam questions that requirs calculation of completion factors for a 6-month period triangle. They also REALLY like to use the triangulation method, which is a mutated version of development method that I absolutely loath. Just by the way, all the ASOP comes from this objective, as well as CALM. glhf

Provider reimbursement was okay. Do some extra research on APM and you should be fine. Nothing too crazy going on.

Underwriting and credibility is a mixed bag. For the most part they are okay, but you also have landmines like CAST, LTD credibility (which was tested last sitting), and regulations.
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