Knowledge for actuaries - Deutsche Aktuarvereinigung e.V.

Resources for professional and actuarial work

Actuarial groundwork is indispensable for the profession's independent expertise. Actuaries contribute their diverse knowledge and individual experience in committees and working groups and thus work constructively on solutions to current challenges such as the financing of pension schemes or healthcare systems. At the same time, the associations provide specific methodological support for the professional work of all colleagues in Germany.

The combined expertise of the associations, supplemented by information on all activities and projects of the association's work, is available in various formats not only to members of the DAV, DGVFM and IVS. Internationally recognised professional principles and other framework conditions for successful membership and professional practice complete the knowledge portal.

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Practical use of alternative fixed income and equity - Part 3 Glossary

03/31/2025 - Investment

The result report is the third part of the result reports on the practical use of alternative fixed income and equity. As a glossary, it is intended…

Stochastic individual claims reserving

02/04/2025 - Non-life Insurance

The result report deals with issues relating to the applicability of a new variant of stochastic individual claims reserving and supports actuaries in this area in the valuation of claims reserves. The area of application includes, in particular, bodily injury claims from motor third party liability insurance, which are characterized by a particularly long settlement period, as well as the associated reinsurance portion.

Premium calculation of health insurance similar to non-life insurance techniques

10/02/2024 - Health Insurance

The advisory note includes a presentation of actuarial aspects that should be considered in health insurance operated in the manner of property and casualty insurance. In particular, it addresses the initial premium calculation as well as the premium review. This advisory note was adopted by the board of the DAV on October 2, 2024, and replaces the previous version from 2019.

International Standard of Actuarial Practice 1 (ISAP1) - General Actuarial Practice

10/02/2024 - Professional Topics

This guideline defines general principles for all DAV actuaries that should be taken into account when providing actuarial services of any kind. It therefore serves as the basis for all other DAV guidelines and instructions.

Assessment of investment risks and the interest rate basis by the actuary in property and casualty insurance

10/02/2024 - Non-life Insurance

The advisory note provides an overview of the review of investment risks and the interest calculation basis for accident insurance with guaranteed premium refunds and for current accident insurance annuities. This note was adopted by the DAV Executive Board on October 2, 2024 and replaces the advisory note “Review of investment risks and the interest calculation basis by the casualty actuary” dated October 5, 2018.

Principles for a Causation-Oriented Approach to Participation in Valuation Reserves

06/13/2024 - Life Insurance

As part of the regular revision of technical principles, the Life Insurance Committee reviewed the professional standard of practice “Principles for a Causation-Oriented Approach to Participation in Valuation Reserves” dated June 26, 2018 and updated it in some areas. The updated version was confirmed as a professional standard of practice by the DAV Executive Board on June 13, 2024 after going through the revision process.

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Reserving for Workers’ Compensation claims using Machine Learning & Natural Language Processing

A case study from a Kaggle competition

Machine learning advances at an unprecedented pace these days. ML algorithms can read traffic lights and are…

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The European Actuarial Journal

The European Actuarial Journal (EAJ) publishes research articles as well as papers engaging the mutual transfer between research and practical…

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The European Actuary

The European Actuary (TEA) is published under the responsibility of the Actuarial Association of Europe (AAE).
From 2021 the magazine will appear on a…

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Actuarial Insights on Cyber Risk: Challenges and Opportunities for Today’s Economy

The cyber insurance market is continuously growing in size and scope - but so is the ubiquitous dependence on information systems and thus overall…

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AI – Is there a future for actuaries?

Artificial Intelligence (AI) represents probably the greatest existential threat to the actuarial profession and, maybe also, the greatest opportunity…

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Pension Security Commission: DAV and IVS welcome the recommendations and call for concrete details on their implementation

07/07/2026 - Press releases

The German Association of Actuaries (DAV) e.V. and the IVS – Institute of Pension Actuaries regard the recommendations of the Pension Security Commission as a significant step towards a future-proof pension system in Germany. At the same time, the associations are calling for the overall pension provision target to be defined in more concrete terms, for occupational pension schemes (bAV) to be strengthened, and for the capital pension scheme to be structured in an effective and efficient manner.

Draft Bill of the Federal Ministry of Finance for an Insurance Recovery, Resolution and Supervisory Amendments Act (VSAAG)

07/03/2026 - Position & Statement

Overview of the Current Situation

Insurance companies that are members of the statutory policyholder protection fund are required to pay contributions to the fund. The regular annual contributions payable by all life insurers participating in the fund amount to 0.2 per mille (0.02%) of the aggregate net technical provisions until the fund reaches 1 per mille (0.1%) of aggregate net technical provisions. (This target has already been reached, and the fund currently amounts to EUR 1.2 billion.)

In addition, extraordinary contributions of up to 1 per mille (0.1%) of aggregate net technical provisions may be levied if this is necessary to enable the statutory policyholder protection fund to perform its functions.

If the assets accumulated through contributions to the statutory policyholder protection fund are insufficient to ensure the continued performance of the insurance contracts in a portfolio transferred to the fund, the supervisory authority may reduce the obligations arising under those contracts by up to 5% of the contractually guaranteed benefits.

If, after the statutory policyholder protection fund has fully exhausted its regular annual contributions and extraordinary contributions, and after the guaranteed benefits under the contracts have been reduced by 5%, the continuation of the contracts still cannot be ensured, the German life insurers have, under a voluntary industry commitment (Selbstverpflichtungserklärung), undertaken to make additional financial resources available to the statutory policyholder protection fund. These additional resources may be called upon, for each calendar year and for each protection event, in an amount of up to two extraordinary contributions.

The aggregate amount of the obligations—comprising regular annual contributions, statutory extraordinary contributions, and the additional contributions provided under the voluntary industry commitment—corresponds to a cumulative 1% of the life insurers' net technical provisions.

The combination of regular and extraordinary contributions, the possible reduction of guaranteed benefits, and the voluntary industry commitment provides a balanced allocation of the financial burden among the policyholder protection fund, policyholders, and the life insurance industry.

Read the full position here.

DAV Calls for Legal Clarification: Classical Statistical Methods Should Be Distinguished from AI Systems under the AI Act

06/11/2026 - Position & Statement

Classical statistical methods used in actuarial practice are transparent, human-controlled, and non-self-adapting. They should therefore not be treated like AI systems under the AI Act. A clear distinction would increase legal certainty, avoid unnecessary compliance burden, and help supervisors focus on genuinely risk-prone AI systems, creating room for responsible innovation and faster adoption in the European insurance industry.

Retirement Pension Reform Act; pAV/RVO: Corresponding application of Delegated Regulation (EU) 2017/653

05/26/2026 - Position & Statement

The German Association of Actuaries (DAV) welcomes the opportunity to provide comments on your questions regarding the topic “pAV/RVO: Corresponding application of Delegated Regulation (EU) 2017/653”. From our perspective, the application of the PRIIP Regulation to certified retirement pension products raises a large number of methodological questions that still require further clarification.

Press kit for the DAV annual press conference on May 22, 2026

05/22/2026 - Press kits

At today’s annual press conference, the German Association of Actuaries (DAV) presented its current assessment of developments in artificial intelligence and retirement security. The focus was on the responsible use of AI in the insurance industry and on strengthening funded retirement security in both private and occupational pension plans.

Daniela Rode, Vorsitzende des Ausschusses ADS/AI und Vorständin der DAV

Responsible use of AI in the insurance industry requires actuarial expertise

05/22/2026 - Press releases

Artificial intelligence (AI) is fundamentally transforming processes and working methods in the insurance industry. Rapid technological advances are opening up more and more possibilities, but they also place high demands on responsible and technically sound implementation. At its annual digital press conference held today, the German Association of Actuaries (DAV) presented the various applications of AI in the insurance industry, regulatory requirements, and the central role actuaries play in dealing with AI.

Strengthening funded pension system: DAV calls for comprehensive, lifelong coverage

05/22/2026 - Press releases

The German Association of Actuaries (DAV) welcomes the current reforms to occupational and private pension schemes as an important step toward a more robust funded pension system. At the same time, German actuaries urge that the reforms be consistently aligned with the goal of providing comprehensive, lifelong income security in old age.

GAUSS Prize 2025: Award for outstanding work in actuarial and financial mathematics

05/19/2026 - Press releases

On 18 May 2026, the German Society for Insurance and Financial Mathematics (DGVFM) and the German Association of Actuaries (DAV) once again presented the prestigious GAUSS Prize, as well as three GAUSS Young Actuary Prizes, in recognition of outstanding academic work. The prizes recognise contributions that combine both high academic quality and particular practical relevance in the field of financial and actuarial mathematics.

Natural Disaster Liability Insurance – How Can Our Society Cope with the Growing Risk of Natural Hazards?

04/30/2026 - Press releases

On April 30, 2026, experts from academia and the insurance industry gathered at a plenary session of the German Association of Actuaries (DAV) to discuss the future of insurance coverage for natural hazards in light
of increasing natural risks. The discussion focused on whether and in what form mandatory insurance could serve as a viable model in Germany.

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