Content and Examinations of the DAV‘s Education and Training Programme
Foundation subjects to be examined in the DAV programme
The following six foundation courses must be passed:
- Economic and legal environment
- Applied stochastics
- Financial mathematics and assessing risk
- Actuarial mathematics
- Modelling and ERM
- Corporate Management
Mandatory seminars: DAV Foundation Courses
Moreover, candidates must attend mandatory seminars (no examinations) in the following two subjects:
- Professionalism
- Communication
DAV specialist courses to be attended
In addition to the foundation courses candidates must pass examinations in two specialist courses. These two examinations must be selected from one of the following specialisations in accordance with the candidate’s evidenced professional experience. Candidates may not register for the examinations in the specialist courses selected before attending the respective mandatory seminars in the subject.
- Actuarial Data Science (Modules 1 & 2)
- Building Savings
- Enterprise Risk Management (Modules 1 & 2)
- Investment and Financial Mathematics
- Health Insurance (Modules 1 & 2)
- Life Insurance (Modules 1 & 2)
- Pensions (Modules 1 & 2)
- Accounting
- Non-Life Insurance (Modules 1 & 2)
Questions and Answers: DAV Examinations
Each written examination lasts 180 minutes.
Each examination has a maximum of 180 marks. The pass mark is 90 marks.
The following examinations are held in May:
Foundation subjects:
- Economic and legal environment
- Applied stochastics
- Modelling and ERM
- Corporate Management
Specialist subjects
- Actuarial Data Science (ADS) 1
- Building Savings 1
- Enterprise Risk Management (ERM) 1
- Investment and Financial Mathematics 1
- Health Insurance 1
- Life Insurance 1
- Pensions 1
- Accounting 1
- Non-Life Insurance 1
The following examinations are held in October:
Foundation subjects:
- Economic and legal environment
- Actuarial mathematics
- Financial mathematics and assessing risk
Specialist subjects
- Actuarial Data Science (ADS) 2
- Building Savings 2
- Enterprise Risk Management (ERM) 2
- Investment and Financial Mathematics 2
- Health Insurance 2
- Life Insurance 2
- Pensions 2
- Accounting 2
- Non-Life Insurance 2
Yes, you can take the examinations for both the Foundation and Specialist courses in any order you choose depending on how the seminar and examination dates suit your professional and personal circumstances. For example, you can take examinations for the Specialist courses before those for the Foundation courses. Furthermore, the two modules of a specialisation do not usually build on one another meaning that the examination for Module 2 can be taken before the examination for Module 1.
Exception: In the specialisation ADS you are recommended to take Module 1 before Module 2.
Recognition of Examinations Taken at University
If you have already taken examinations in subjects from the DAV Foundation or Specialist courses during your university studies these may be recognised for your DAV education and training. A prerequisite for this recognition is that your university has a DAV liaison lecturer who can issue evidence that you can attach to your application for admission to the DAV‘s education and training programme.
This overview can tell you whether your university has a DAV liaison lecturer.
Examination dates in 2025
Examinations will be held on the following dates:
May
- Foundation courses: 16 and 17 May 2025
- Specialist courses: 23 and 24 May 2025
October
- Foundation courses: 17 and 18 October 2025
- Specialist courses: 24 October 2025
Deadline for Registration:
Registration ends on the Friday four weeks prior to the examination date.
