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  #381  
Old 11-17-2013, 04:16 PM
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Quote:
Originally Posted by Buck View Post
About the morning session, 8:30 - 11:45 am is more than 3 hours; just 13 simple questions for all that time?

Also, looking at the these exam questions from practical standpoints, state regulators expect standard terminologies. 'ULAE' has been 'AAO, or Adjusting And Others' since 1998; these exams still use the old terms. 'Paid Loss' and 'Paid Claim Counts' are very different; these exams confused these terms. Using 'Colors of Cars' in automobile insurance as a risk characteristic in actuarial exams shows lack of basic insurance knowledge.

SOA (a life insurance actuarial institution) seems incompetent to administer Property/Casualty actuarial exams. Everyone knows FCAS is insurance industry recognized actuarial professionals; What does SOA try to do here?
Come on, give the Canadians a break. Not everybody uses U.S. terminology.

For crying out loud, the track is called General Insurance, not Property & Casualty.

Also, everybody knows that owners of red cars are more aggressive than other drivers.

-----
For the non-sarcastic portion of this post, 15 minutes of that portion are for a reading period (no writing during that 15 minutes), and then 3 hours for writing that part.

I do not know how difficult any of these problems are, so I cannot comment on that aspect.
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  #382  
Old 11-17-2013, 07:17 PM
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Also, everybody knows that owners of red cars are more aggressive than other drivers.
I thought it was that red paint, just like my wife's clothing in the wash, bleeds
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  #383  
Old 11-17-2013, 08:19 PM
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Quote:
Originally Posted by campbell View Post
Come on, give the Canadians a break. Not everybody uses U.S. terminology.

For crying out loud, the track is called General Insurance, not Property & Casualty.

Also, everybody knows that owners of red cars are more aggressive than other drivers.

-----
For the non-sarcastic portion of this post, 15 minutes of that portion are for a reading period (no writing during that 15 minutes), and then 3 hours for writing that part.

I do not know how difficult any of these problems are, so I cannot comment on that aspect.
Sarcasm time. If it had been P&C exam, Candidates will not know the total points for the exam, till they sit for it...

SOA had a challenging exam like current cas 5, it was exam 140, tested very high level concepts and was not a race again clock at all....

non-sarcastic portion: Author of the text is an American......
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  #384  
Old 11-18-2013, 12:18 PM
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Anyone know how many candidates sat for this?
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  #385  
Old 11-18-2013, 04:54 PM
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I heard 12
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  #386  
Old 11-18-2013, 05:13 PM
Mary Frances Mary Frances is offline
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Sheesh. Not horrible, but it could have used some editing. Lots of assumptions have to be made just to answer the first question: Is there one exposure unit per policy (prolly so, but it doesn't say it)? Did policy 14903 renew @12/16/13?

On the whole, passing this would require using a lot of terminology that I'm either not particularly familiar with or that I would define in ways that clearly won't work for the set problem.
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  #387  
Old 11-18-2013, 05:41 PM
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I heard 12


We'll know after results come out, and the post the passing percentages.
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  #388  
Old 11-18-2013, 06:23 PM
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We'll know after results come out, and the post the passing percentages.
Are you assuming a pass rate of greater than 90%?
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  #389  
Old 11-18-2013, 07:09 PM
tommie frazier tommie frazier is offline
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CAS 7 had like 9 people take it the first time it was offered. there were reasons for it being that low, but...it is possible to have an exam with very few taking it.
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  #390  
Old 11-19-2013, 04:16 PM
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Quote:
Originally Posted by secondlife View Post
Sarcasm time. If it had been P&C exam, Candidates will not know the total points for the exam, till they sit for it...

SOA had a challenging exam like current cas 5, it was exam 140, tested very high level concepts and was not a race again clock at all....

non-sarcastic portion: Author of the text is an American......
The author of the text is not necessarily involved in writing the exam questions.
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