The German Association of Actuaries (Deutsche Aktuarvereinigung e.V., DAV) is the professional representation of all actuaries in Germany. It was founded in 1993 and has more than 5,600 members today. Another 1,600 candidates for membership are actively enrolled on its in-house education and examination program. Hence the DAV is one of the five biggest actuarial associations in the world. More than 700 members are involved on thirteen committees and in over 60 working groups as a voluntary commitment. Significantly more are active in the fields of education, CPD seminars, cooperation with universities and in various actuarial projects all over the world.
In 1903, the Department of Actuarial Science ("Abteilung Versicherungsmathematik") was founded within the German Society of Insurance Science ("Deutsche Verein für Versicherungswissenschaft e. V."). In 1935 the German Actuarial Society ("Deutscher Aktuarverein") was established in Berlin. Thirteen years later, on 18th October 1948, the German Society of Insurance Mathematics ("Deutsche Gesellschaft für Versicherungsmathematik", DGVM) was established. Only three years later – in 1951 – the DGVM and the German Actuarial Society merged to become the German Society of Insurance Mathematics, now the German Society for Insurance and Financial Mathematics ("Deutsche Gesellschaft für Versicherungs- und Finanzmathematik e.V.", DGVFM).
In consequence of the deregulation of the German insurance market in 1994 the federal government established the position of the Responsible Actuary (Verantwortlicher Aktuar) and demanded that the actuaries built an organization like the Institute of Actuaries in the United Kingdom. Even before the necessary laws were passed by the parliament the DGVM had begun to establish the German Association of Actuaries (DAV). It was founded on 5th February 1993 in Cologne, where the headquarter is located until today.
As the professional representation of all actuaries in Germany the DAV has established the following goals:
To provide independent expert knowledge for all mathematical issues concerning insurance, finance and old-age provision.
To enforce a unified profession of actuaries by means of training and professional ethics.
To set a professional framework for DAV members supported by professional standards of practice.
To inform and be available for supervisory authorities, political institutions and the general public.
The DAV is governed by a Board of up to 20 members. It sets the policies, the upcoming strategies and the focus topics of the association. The Board members are elected by the General Assembly for four years. The Board consists of the President, the President-elect, the immediate Past President and up to 15 other members.
For further questions related to the association, it's structure and aims please contact CEO
firstname.lastname@example.org, 0221/912 554-110
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