Calculating with the future

The German Association of Actuaries (DAV) e.V. and the IVS – Institute of Pension Actuaries regard the recommendations of the Pension Security Commission as a significant step towards a future-proof pension system in Germany. At the same time, the associations are calling for the overall pension provision target to be defined in more concrete terms, for occupational pension schemes (bAV) to be strengthened, and for the capital pension scheme to be structured in an effective and efficient manner.  

At today’s annual press conference, the German Association of Actuaries (DAV) presented its current assessment of developments in artificial intelligence and retirement security. The focus was on the responsible use of AI in the insurance industry and on strengthening funded retirement security in both private and occupational pension plans. 

Artificial intelligence (AI) is fundamentally transforming processes and working methods in the insurance industry. Rapid technological advances are opening up more and more possibilities, but they also place high demands on responsible and technically sound implementation. At its annual digital press conference held today, the German Association of Actuaries (DAV) presented the various applications of AI in the insurance industry, regulatory requirements, and the central role actuaries play in dealing with AI. 

The German Association of Actuaries (DAV) welcomes the current reforms to occupational and private pension schemes as an important step toward a more robust funded pension system. At the same time, German actuaries urge that the reforms be consistently aligned with the goal of providing comprehensive, lifelong income security in old age.

On 18 May 2026, the German Society for Insurance and Financial Mathematics (DGVFM) and the German Association of Actuaries (DAV) once again presented the prestigious GAUSS Prize, as well as three GAUSS Young Actuary Prizes, in recognition of outstanding academic work. The prizes recognise contributions that combine both high academic quality and particular practical relevance in the field of financial and actuarial mathematics.

On April 30, 2026, experts from academia and the insurance industry gathered at a plenary session of the German Association of Actuaries (DAV) to discuss the future of insurance coverage for natural hazards in light 
of increasing natural risks. The discussion focused on whether and in what form mandatory insurance could serve as a viable model in Germany. 
 

In light of demographic change, the financing of long-term care in Germany faces major challenges. Wiltrud Pekarek, Chair of the Health Insurance Committee and a member of the Executive Board of the German Actuarial Association (DAV), pointed out once again today during a plenary session on the fringes of the DAV Annual Conference in Berlin that long-term care insurance is deliberately not designed as comprehensive cover. Rather, it is intended to provide basic cover, whilst part of the costs must be borne privately. The system requires greater personal responsibility and funded provision.

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.