The German Actuarial Society or German Association of Actuaries (german: Deutsche Aktuarvereinigung, DAV) is the association of

actuaries An actuary is a business professional who deals with the measurement and management of risk and uncertainty. The name of the corresponding field is actuarial science. These risks can affect both sides of the balance sheet and require asset man ...

Germany Germany,, officially the Federal Republic of Germany, is a country in Central Europe. It is the second most populous country in Europe after Russia, and the most populous member state of the European Union. Germany is situated betwe ...

. It is a full member of the

International Actuarial Association The International Actuarial Association (IAA) is a worldwide association of local professional actuarial associations. History The IAA is the continuation of the ''Comité Permanent des Congrès d’Actuaires'', established in 1895, as an assoc ...

and the

Actuarial Association of Europe The Actuarial Association of Europe (AAE) was established in 1978 as Groupe Consultatif des Associations d'Actuaires des Pays des Communautés Européennes (GC)renamedto Groupe Consultatif Actuariel Européen in 2002, angiven its present nameon Ja ...

(AAE). The Association has nearly 5,500 fully qualified members, with further 1,600 students in the process of qualifying. Current chairman of the Association is Guido Bader (since 2019). CEO is Michael Steinmetz. The Headquarter is located in Cologne.

History

On 4 April 1903, Department of Actuarial Science (german: Abteilung für Versicherungsmathematik) of the German Society for Insurance Science (german: Deutscher Verein für Versicherungswissenschaft) — a predecessor to the current Association — was founded in Berlin.

Qualification Process

To become a member of the Association, a student needs to pass a series of examinations. As of 2015, there are a total of nine exams specific to actuarial work, three more exams that deal with areas that affect actuaries but are not mathematical in their nature, and a specialisation exam. There are also two exams to begin the qualification process if a student does not hold a degree in mathematical area. Students who have degrees in mathematics or finance are exempted from some of these exams.

References

External links

German Association of Actuaries official website
Actuarial associations Scientific societies based in Germany {{Germany-org-stub