Any actuaries here or anyone who had passed the actuary exams?
I believe so, but they keep you guessing. (I am not one.)
What is the best way to prepare for the exams?
It seems to me the best way to prepare for the first exam is to develop a solid work history before you even take it, because the ultimate goal in taking that exam is not to pass, but rather to land a job in the profession after
passing. It's my understanding that once you pass the first exam, you're "on the clock" to land jobs and pass more exams. That is why I have not attempted Exam P.
As far as the best way to prepare to answer the questions correctly within a 3-hour span is concerned, that probably depends on what kind of mind you have. You may have a receptive mind that enables you to quickly learn problem-solving procedures that others have devised, or you may be aggressive and want to devise your own approach to analysing problems.