German Association Of Actuaries

The Deutsche Aktuarvereinigung (DAV) is the professional representative body of the actuaries in Germany, and with that, in particular, of the responsible actuaries (Verantwortliche Aktuare). The main emphasis of its activities is on the best possible promotion and support of the members, on the one hand, as well as on the efficient representation of the interests of the actuaries internally and externally. The head office with 30 employees is located in Cologne. Actuaries are scientifically trained and specially examined experts who, making use of mathematical methods of probability theory, mathematical statistics and finance mathematics, analyse questions especially from the insurance business, but also from the areas of building society savings, capital investments and provisions for old age analyse and develop solutions taking into consideration the legal and economic environment. The German actuaries are active in all fields of business, insurance and finance mathematics. They prove their qualification through membership in the DAV and bear the title "Actuary DAV".