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Old 01-05-2007, 02:39 AM
sunzhoujian sunzhoujian is offline
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Default Is CPCU as difficult as FSA or FCSA
I noticed that some people have CPCU designation and I checked the CPCU site. It looks like that you have to take 8 courses to get that title...
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Old 01-05-2007, 09:07 AM
MichStReinsDude MichStReinsDude is offline
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CPCU is a piece of cake compared to any actuarial exams.
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Old 01-05-2007, 09:25 AM
sunzhoujian sunzhoujian is offline
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CPCU is a piece of cake compared to any actuarial exams.
You mean the whole CPCU designation? It is interesting that one company send a CPCU to interview actuarial students...
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Old 01-05-2007, 09:30 AM
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If you want to be an actuary, take actuarial exams. Don't waste time on CPCU, it adds little or no value in the actuarial area.
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Old 01-05-2007, 09:32 AM
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Two ACAS's in my company have the CPCU designation. One said it was easy with no further comment. The other mentioned that he got it while studying for an actuarial exam. He passed one exam every week or two and was done in less than three months. Oh and he passed the actuarial exam that sitting as well.
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Old 01-05-2007, 09:36 AM
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Old 01-05-2007, 09:45 AM
sunzhoujian sunzhoujian is offline
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Two ACAS's in my company have the CPCU designation. One said it was easy with no further comment. The other mentioned that he got it while studying for an actuarial exam. He passed one exam every week or two and was done in less than three months. Oh and he passed the actuarial exam that sitting as well.
I think it is always good that the company pays for all those designations...
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Old 01-05-2007, 09:50 AM
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Quote:
Originally Posted by MichStReinsDude View Post
CPCU is a piece of cake compared to any actuarial exams.
You mean the whole CPCU designation? It is interesting that one company send a CPCU to interview actuarial students...
Completing the entire designation is about as hard as half of one CAS exam.
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Old 01-05-2007, 09:52 AM
sunzhoujian sunzhoujian is offline
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Wow! I noticed that other people also have CFA or ARM designations. How about those then?
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Old 01-05-2007, 10:09 AM
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Wow! I noticed that other people also have CFA or ARM designations. How about those then?
Correct me if i'm wrong but CPCU is an underwriting designation? CFA is a finance designation, and ARM is a risk management designation. I'm also assuming you wish to supplement your actuary credential with one of these. Forget about CPCU, as someone already mentioned there is hardly any added value (unless you get the opportunity as upper-management in Underwriting). Get your CFA if you want to work in investments(investment banking, trading, portfolios). Get the ARM if you want to get into Loans(credit unions, credit card companies).
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