German Actuarial Society

German Actuarial Society

The German Actuarial Society (German: Deutsche Aktuarvereinigung, DAV) is the association of actuaries in Germany. It is a full member of the International Actuarial Association and the Groupe Consultatif. The Society has about 3 600 fully qualified members, with further 1 800 students in the process of qualifying. Current chairman of the Society is Johannes Lörper.

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 Society — was founded in Berlin.

Qualification Process

To become a member of the Society, a student needs to pass a series of examinations. As of 2006, there are a total of six 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 these exams.

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