DAV 2021 I: Biometric calculation bases for occupational disability insurance

Abstract

This technical principle describes the structure of the new DAV 2021 I table for reserving occupational disability insurance policies. The following explanations illustrate in detail the current methodology for deriving tables, the procedure for determining safety margins and discounts for the above-mentioned products, comparisons of the DAV 2021 I and DAV 1997 I tables, as well as a provision with the DAV 1997 I table and information on the profession. This overview is intended only as a preliminary guide and does not replace consideration of the explanations in the technical principle.

This professional principle applies to actuaries in insurance companies, including those in the role of responsible actuary, expert, actuary at an auditing firm, actuarial function, etc., when performing actuarial tasks, in particular when calculating reserves.

The scope of this technical principle covers occupational disability insurance.