Training as an actuary

Training as an actuary

Actuaries are scientifically trained and specially certified experts who use mathematical methods of probability theory and financial mathematics to analyze issues in the areas of insurance and building society, investments and pensions and develop solutions taking into account the legal and economic environment. Detailed information can be found here.

A small part of the training to become a DAV actuary can be completed in parallel with a first degree in mathematics.

The prerequisite for training to become a DAV actuary is still a degree in mathematics from a German university or university of applied sciences, which can be replaced by equivalent qualifications. The following are automatically recognized as equivalent: Diploma in Physics, Diploma in Statistics, First State Examination for Secondary School II in Mathematics.

If such a mathematical university degree or equivalent qualification is not available, a mathematical entrance examination (MEP) must be passed as the first examination. In addition, proof must be provided that basic knowledge of stochastics has already been acquired at the university. This must be proven by a corresponding certificate from the university. If this knowledge of stochastics cannot be proven, the prospective actuary must take a stochastic entrance examination (SEP) before the DAV, and this must take place before the basic knowledge examinations.

Certificates of the prerequisites

Prof. Dr. Bäuerle is a DAV correspondent at the KIT and in this function issues certificates of prior knowledge in stochastics and statistics or of the equivalence of the study performance for the degree in mathematics.

Sufficient knowledge of stochastics and statistics for training as a DAV actuary is acquired by those who have completed the lectures

  • Introduction to Stochastics
  • Probability Theory
  • Statistics I (or another statistics lecture)

at KIT and have passed the corresponding written or oral examination. Equivalent achievements (e.g. at a foreign university) will be decided on a case-by-case basis.