Practice Areas

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. As part of their specialist work, the DAV and IVS address current developments in the technological, economic, regulatory, social and political environment with a view to the continuous further development of the actuarial profession. The specialist actuarial work carried out by the four sector-specific and four cross-sector specialist committees is indispensable for the DAV's independent expertise and all positioning vis-à-vis the press, politicians and the public. 

Life Insurance

Life insurance is a cornerstone of financial security for individuals and families. In addition to the biometric calculation bases and the maximum actuarial interest rate, we also focus on the current requirements for responsible actuaries, as well as issues relating to Solvency II, data analytics and consumer protection topics.

Occupational Pensions

Occupational pension schemes are crucial for long-term financial security in retirement. We focus on company pension schemes, demographic changes and actuarial valuations to ensure reliable and sustainable retirement benefits for employees. 

Health insurance

Private health insurance plays an important socio-political role and is therefore subject to detailed regulations. Actuaries have to operate in this area of tension between actuarial requirements, corporate responsibility and socio-political mandate. Their tasks include product development, market analyses, premium calculations and the preparation of annual financial statements, taking into account national and international valuation regulations. They also take care of premium refunds and mathematically secure the underwriting principles. We support actuaries in all these areas so that they can successfully master their demanding tasks.

Property / Casualty Insurance

Non-Life Insurance offers protection against unexpected events that can lead to financial losses or legal liabilities. Our areas of specialisation include the effects of climate change on Non-Life Insurance and the practical consequences for actuarial tasks, the actuarial valuation of technical provisions in the non-life sector and pricing aspects in Non-Life Insurance. Our work also focuses on questions of product development as well as the risk management of cyber risks.

ERM / Solvency II

Enterprise Risk Management (ERM) and Solvency II are crucial for the stability and compliance of insurance companies. We provide expertise in risk assessment, capital requirements and regulatory standards to ensure that companies can meet their obligations and remain solvent. 

Investment

Investment strategies are crucial for managing the assets of insurance companies and pension funds. We offer insights into the topics of investment, capital investment and capital markets and provide guidance and support for actuaries working in this field.

Accounting and Regulation

Accounting and regulation are of fundamental importance for the transparency and integrity of financial reporting. On the one hand, we deal with all national and international accounting topics, in particular HGB and IFRS 17, in order to obtain an overall picture of these subject areas; on the other hand, cross-divisional aspects of national and international insurance supervisory law are addressed. The project initiated by the IAIS on global capital standards (ICS) is also receiving expert support, as are the reporting obligations on the topic of sustainability. Issues relating to the auditability and validation of complex models are also addressed.

Actuarial Data Science

Digitalisation and data-based business models are fundamentally changing the work of actuaries. With their in-depth knowledge of actuarial mathematics and data science, they are predestined to be data scientists in the insurance and finance industry. We support them in their daily work and offer extensive training and further education programmes. In this way, we help actuaries to expand their traditional areas of responsibility and make the most of the opportunities offered by digitalisation.

Building society savings

The Bausparmathematische Fachgruppe (BMFG) was founded in 1995 by actuaries who work primarily in building societies. Since then, it has met once or twice a year. The specialist group also includes guests from the Building Society Technical Committee of the Association of Private Building Societies and from the Collective Working Group of the public-law building societies in its work. 

Each topic reflects our commitment to excellence and the continuous development of the actuarial profession. By exploring these areas, you can gain a deeper understanding of the important role actuaries play in the finance and insurance industry.