About us - Actuaries, the insurance and financial mathematicians in Germany

Organisation of Insurance and Financial Mathematics in Germany

Since insurance and financial mathematicians first came together in 1903 in a separate section of the German Association of Insurance Sciences (Deutscher Verein für Versicherungswissenschaften e.V.), the association has undergone numerous changes until it has found its current structure:

Since 1993, the Deutsche Aktuarvereinigung e.V. (DAV - German Association of Actuaries) has been the independent professional association of around 6,500 insurance and financial mathematicians and all those who work with quantitative methods in the insurance, financial and pension sectors in Germany. We ensure the professional expertise of our members and thus the intrinsic value of the title “Actuary DAV” with professional codes of conduct, high-quality training and continuing education requirements and programmes.

Since its foundation in 1980, the IVS - Institut der Versicherungsmathematischen Sachverständigen für Altersversorgung e.V. (Institute of Pension Actuaries) has pursued the goal of promoting the professional interests of its almost 900 members and advocating the public recognition of the profession. IVS experts have a wide range of specialised knowledge and are sought-after experts in all aspects of occupational and professional pension schemes due to their high level of professional qualification. Today, the IVS is a branch association of the DAV; our IVS members therefore also bear the title “Actuary DAV”.

Since 2002, the Deutsche Gesellschaft für Versicherungs- und Finanzmathematik e.V. (DGVFM - German Society for Actuarial and Financial Mathematics) has been the specialist mathematical society for experts working in the fields of actuarial and financial mathematics and quantitative risk management in Germany. It was founded in 1948 with the aim of promoting actuarial mathematics and technology and seeking co-operation with universities and colleges. Today, the DGVFM pursues exclusively non-profit - scientific and professional - goals, such as supporting actuarial research or promoting young mathematicians. All members of the DAV are also members of the DGVFM; in addition, there are numerous university lecturers, young academics and also sponsoring companies who support the aims of the DGVFM both ideally and financially.

Impressions from Association Life

Our topics

As the professional organisation representing actuaries in Germany, we deal with a wide range of current and relevant topics from the insurance and financial sector:

Life Insurance

Actuaries have traditionally been particularly active in life insurance.

Occupational Pensions

Company pension schemes are crucial for long-term financial security in retirement.

Health Insurance

Private health insurance is an integral part of the organised healthcare system.

Property / Casualty Insurance

Today, it is impossible to imagine liability, property, accident and motor insurance without actuaries.

Investment

We offer our members insights into the topics of investment, capital investment and capital markets.

All topics

Education and CPD

Actuaries are experts who use mathematical methods of probability theory and statistics to evaluate financial uncertainties in the areas of insurance, building society savings, investments and pensions. An actuary must not only consider uncertain future cash flows over a very long term, but also always take into account the legal, economic and internal corporate environment of the providers of insurance and financial products.

Actuaries use their expertise to work primarily for insurance companies, occupational and professional pension funds, banks, investment companies, building societies and consulting firms, but also for associations, authorities, ministries or as independent experts.

In order to meet the high requirements, high-quality training to become a DAV actuary, which imparts both sound specialist knowledge and ethical principles, is essential. The Deutsche Aktuar-Akademie GmbH (DAA) prepares prospective actuaries comprehensively for the complex requirements of the profession.

In accordance with the DAV's own Code of Conduct, all members of the DAV are responsible for maintaining the current level of knowledge required for their professional practice through appropriate further training.Based on this obligation, further training regulations came into force on 1 January 2014, which specify this obligation in terms of the scope and documentation of personal activities. In addition to insurance and financial topics, further training also includes all topics related to actuarial activities, such as legal topics, presentation techniques and personnel management. The 20 hours of further training required per calendar year can be achieved through participation in events, own presentations and publications and through involvement as a lecturer or in committees.Members can complete a maximum of eight of the 20 hours of further training as self-study.
By being able to record the required continuing education hours from the current year, previous years and subsequent years in an electronic flexitime account provided by the association, members can flexibly organize the fulfillment of their continuing education obligation within three years.

Everything about the education requirements of DAV and IVS

Booking of Education and CPD Events

Office

The joint office of the DAV, DGVFM, IVS and the DAA in Cologne.

Contact & How to find us

Eingangsbereich Geschäftsstelle Hohenstaufenring

We as Employers

More than 40 employees work at the Cologne office for the three actuarial associations DAV, DGVFM and IVS as well as for three other affiliated training and further education service providers DAA, EAA and AMC.

Together, we are a dynamically growing, internationally well-connected institution with a strong reputation both within and outside the insurance and financial sector. Our focus is on supporting the high professional qualifications of our members as well as those of actuaries in other countries. As the DAV and IVS, we are available to politicians, regulators and the public as independent advisors.

Become part of our team and apply now!

DAV, DGVFM and IVS: Strong together