Examination Regulation No. 6 (PO 6) will go into effect on 01.01.2026.
The most important changes in PO 6 at a glance:
- Strengthening of the subject of accounting through the establishment of a new course entitled ‘Accounting, ERM and Modelling’; the related PO 5 course ‘Modelling and ERM’ will accordingly not be continued in PO 6.
- Creation of a new course entitled ‘Data Science and Artificial Intelligence’
- Adjusted focus in the course ‘Corporate Management’ and division of all content between the subjects ‘Economic and Legal Environment’ and ‘Accounting, ERM and Modelling’, thereby eliminating the previous PO 5 subject ‘Corporate Management’
- Demand-oriented modernisation of the content of the other Foundation courses with correspondingly updated learning objectives.
- The following transitional arrangements apply in the event of a voluntary change from PO 5 to PO 6.
Content and Examinations of the DAV‘s Education and Training Programme
DAV Foundation Courses – PO 6
Foundation subjects to be examined in the DAV programme
The following six exam subjects of the DAV foundation courses must be successfully completed:
- Economic and Legal Environment
- Applied Stochastics
- Data Science and Artificial Intelligence
- Financial Mathematics and Risk Assessment
- Actuarial Mathematics
Accounting, ERM, and Modeling
Mandatory Seminars in DAV Foundation Courses
In addition, mandatory seminars (without exams) must be attended in the following two subjects: (unchanged from PO 5)
- Professionalism
Communication
DAV Foundation Courses – PO 5
(Admission until December 31, 2025, at the latest)
Foundation subjects to be examined in the DAV programme
The following six examination subjects in DAV foundation courses must be successfully completed according to PO 5:
- Economic and Legal Environment*
- Applied Statistics*
- Financial Mathematics and Risk Assessment*
- Actuarial Mathematics*
- Modeling and ERM (until 2030)
- Corporate Management (until 2030)
*Updated learning objectives from January 1, 2026, see document Learning Objectives PO 6
Mandatory seminars: DAV Foundation Courses
In addition, mandatory seminars (without exams) must be attended in the following two subjects: (unchanged from PO 5)
- Professionalism
- Communication
Transitional arrangements PO 5 to PO 6
As a candidate under PO 5, you can voluntarily switch to the new PO 6 at any time:
- All services already provided will be fully recognised in the event of a change. Passed exams in the subjects "Modeling and ERM" (for the new subject "Accounting, ERM and Modeling") and/or "Corporate Management" (for the new subject "Data Science and AI") will be credited without restriction.
- The two subjects "Modelling and ERM" and "Corporate Management" of PO 5 will continue to be offered in their current form up to and including 2030.
- A change from PO 6 to PO 5 is not possible.
Examination subjects in the DAV Specialist Courses
In addition to the DAV foundation course exams, two DAV specialist course exams must be passed. These two examinations must be chosen from one of the following specialisations according to your proven professional experience. Registration for the examinations in the chosen specialist course requires participation in the respective compulsory seminars of the subject.
- Actuarial Data Science (Module 1 & 2)
- Home Savings (Module 1 & 2)
- Enterprise Risk Management (Module 1 & 2)
- Investment and Financial Mathematics (Module 1 & 2)
- Health Insurance (Module 1 & 2)
- Life Insurance (Module 1 & 2)
- Pensions (Module 1 & 2)
- Accounting (Module 1 & 2)
- Property and Casualty Insurance (Module 1 & 2)
Q&A: DAV Examinations
Each written examination lasts 180 minutes.
Each examination has a maximum of 180 marks. The pass mark is 90 marks.
In May, the following exams will take place:
PO 6:
Foundation Courses:
- Economic and Legal Environment
- Applied Stochastics
- Data Science and Artificial Intelligence
Specialist Courses:
- 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
- Property and Casualty Insurance 1
PO 5
Foundation Courses:
- Economic and Legal Environment
- Applied Stochastics
- Modeling and ERM
- Corporate Management
Specialist Courses:
- 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
- Property and Casualty Insurance 1
In October, the following exams will take place:
PO 6:
Foundation Courses:
- Economic and Legal Environment
- Financial Mathematics and Risk Assessment
- Actuarial Mathematics
- Accounting, ERM and Modeling
Specialist Courses:
- Actuarial Data Science (ADS) 2
- Home Savings 2
- Enterprise Risk Management (ERM) 2
- Investment and Financial Mathematics 2
- Health Insurance 2
- Life Insurance 2
- Pensions 2
- Accounting 2
- Property and Casualty Insurance 2
PO 5:
Foundation Courses:
- Economic and Legal Environment
- Financial Mathematics and Risk Assessment
- Actuarial Mathematics
Specialist Courses:
- Actuarial Data Science (ADS) 2
- Home Savings 2
- Enterprise Risk Management (ERM) 2
- Investment and Financial Mathematics 2
- Health Insurance 2
- Life Insurance 2
- Pensions 2
- Accounting 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 2026
Our exams generally take place in May and October each year. You can find the exact dates as follows:
Deadline for Registration:
In 2026, the registration and deregistration deadline for the examinations will be the Thursday four weeks before the examination date.
