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  #21  
Old 03-07-2018, 09:37 AM
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Having done both, I found ACAS to be harder but YMMV. Agree with other posts that it should be about your job not which is harder.
Same, ASA I failed one exam which I eventually passed with a 9. For my ACAS, there were two additional exams which I failed a combined 3 times and then only passed with sixes.
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  #22  
Old 03-07-2018, 09:37 AM
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CAS exams are just really damn hard and only getting harder each sitting.
Actuarial look-up suggests that the CAS exams are getting easier every sitting, not harder, if you go by pass rates (http://www.actuarial-lookup.com/pass-rates).

I still think it's primarily the one sitting a year for 7, 8 and 9 that makes FCAS harder and longer to attain than FSA. Another contributing argument might be three four-hour exam format vs. two five-hour and one two-hour exam format (assuming the cop out option, I think the 4-hour ERM exam should be mandatory. Evens it up a bit, but it's not fair we get the 'bonus' credential for doing it)

I will also mention that an individual's selected FSA track has a lot to do with the difficulty. Pass rates for QFI are noticeably lower than Life and Retirement for instance.
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  #23  
Old 03-07-2018, 10:02 AM
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I think the 4-hour ERM exam should be mandatory evens it up a bit, but it's not fair we get the 'bonus' credential for doing it)
Agree - although on the CAS side we are seeing more actuaries get their CPCU which probably takes even less work.
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Old 03-07-2018, 10:06 AM
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The FAP courses are dull and useless. Any syllabus covering legal and accounting aspects of insurance is far more educative and relevant than the futuristic EOM assignment, the baseball talk, and all the other garbage spread in FAP modules.
the futuristic one was insane. i try and tell people who are starting fap now just to push through the ridiculousness of that one.
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Old 03-08-2018, 01:30 PM
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I will also mention that an individual's selected FSA track has a lot to do with the difficulty. Pass rates for QFI are noticeably lower than Life and Retirement for instance.
I wish I can select easier exam to write on the CAS side
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Old 03-09-2018, 01:54 PM
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Agree - although on the CAS side we are seeing more actuaries get their CPCU which probably takes even less work.

What's the benefit for going through CPCU
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Old 03-09-2018, 02:04 PM
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What's the benefit for going through CPCU
I have never heard anyone reply with a reasonable answer to this question. In most cases where actuarial candidates take CPCU exams, it is because they get compensated for passing. I know this is true for our favorite rating bureau.
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Old 03-09-2018, 02:11 PM
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What's the benefit for going through CPCU
It could have useful information about how underwriting works. I'm thinking about doing it, not so much for the credential, but because I might learn something from the course. I'd find it useful unless it's filled with stuff I already know.
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  #29  
Old 03-09-2018, 02:14 PM
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Idk why anyone would go through taking CPCU (if they're still occupied with actsci exams), unless they'd learn a lot from learning the materials and/or get decent salary increase, both which I doubt.
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Old 03-09-2018, 02:26 PM
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Is a 1k to 3k raise for a CPCU credential a decent salary increase? Probably depends on what level you are currently.
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