Calculating with the future

The German Association of Actuaries (DAV) welcomes the clear legal framework for crisis situations involving insurance companies set forth in the proposed insurance reorganization, resolution, and supervisory reform act (VSAAG). At the same time, the DAV warns against excessive alignment with the Bank Recovery and Resolution Directive, as well as against new regulations on burden sharing and line-of-business separation that would undermine competition and the proven structures of the German insurance market. 

Today, the Federal Council passed two key pieces of legislation aimed at strengthening old-age provision: the Act on Stabilizing Pension Levels and Full Equal Treatment of Child-Rearing Periods (Pension Package) and the Second Act on Strengthening Occupational Pension Provision and Amending Other Acts (Company Pension Strengthening Act II). On Wednesday, the cabinet initiated the Act on the Reform of Private Pension Provision. The German Association of Actuaries (DAV) and the IVS – Institute of Pension Actuaries continue to see a lack of a viable long-term vision for old-age provision and believe that genuine security in old age – through lifelong benefits and capital market-oriented financing – has not been adequately addressed.

The premiums paid by many insured persons in private health insurance will rise sharply again on January 1, 2026. According to the Association of Private Health Insurance (PKV), the average premium will increase by around 13 percent in 2026, affecting around 60 percent of insured persons. The German Association of Actuaries (DAV) makes it clear that the premium increases are the result of rising healthcare expenditure. It is therefore calling for reforms to curb cost increases and ensure the long-term stability of the system.

The German Association of Actuaries (DAV) recommends maintaining the maximum actuarial interest rate for new life insurance contracts, which has been 1.0 percent since January 2025, for 2027 as well. 

Mariella Linkert, Annika Lobergh and Meher Mia together form the external communications team of the German Association of Actuaries (DAV), IVS - Institute of Pension Actuaries, the German Society for Insurance and Financial Mathematics (DGVFM) and the German Actuarial Academy (DAA). We would like to introduce ourselves to you below.

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