# Are actuaries being replaced by computers?

Graduates of (business) mathematics can work as actuaries in insurance companies immediately after completing their master’s degree. However, insurance companies attach great importance to the title of “actuary (DAV)”. That is why mathematicians are sent to courses of the German Actuarial Association (DAV) while working. The courses on so-called basic knowledge can be replaced by certificates from the universities. The advantage of the university certificate is that the more difficult part of the training to become an “actuary (DAV)” does not only take place alongside work. On the other hand, the possession of these certificates is an application advantage as a career starter.

**(NEW REGULATION from 1.1.2021)**

All courses at the Univ. Mannheim can be heard in any order and in any partial quantity. However, the so-called DAV entry requirements must be met so that a DAV basic knowledge certificate can be issued by the university. These are

**completed bachelor's degree**- in mathematics:
**90 ECTS points**in math courses.**These are achieved automatically with the Bachelor's degree.** - in stochastics
**:**this includes the lectures Stochastics I, Stochastics II and Fundamentals of Econometrics,**as well as one or more modules from the field of stochastics to the extent of 8 ECTS (e.g. bachelor thesis, seminar, practical course, R course)**

The following events must be successfully attended for the certificates to be recognized.

**DAV basic knowledge "Applied stochastics"**:**6 off**the following**8**Lectures:- MAC 412 (MA) Mathematical Methods in Big Data Analytics 1
- MAC 516 (MA) Probability Theory II: Stochastic Processes (or formerly MAC 527 (MA) Markov Processes)
- MAC 405 (BA) Monte Carlo Methods
- MAC 503 (MA) extreme value statistics
- MAC 506 (MA) Time Series Analysis and Spatial Statistics or Time Series Analysis (TSA) of Economics
- MAC 540 (MA) copulas and measures of concordance
- MAC 413 (BA) Mathematical Models for Personal Insurance
- MAC 546 (MA) Non-Life Insurance Mathematics II
- It must
**1 of the following 2 lectures included**be:- MAC 412 (MA) Mathematical Methods in Big Data Analytics 1
- MAC 516 (MA) Probability Theory II: Stochastic Processes (or formerly MAC 527 (MA) Markov Processes)

- DAV basic knowledge "financial mathematics and risk assessment"
- MAC 410 (BA) Mathematical Finance
- MAC 501 (MA) Advanced Mathematical Finance

- DAV basic knowledge "actuarial mathematics"
- MAC 413 (BA) Mathematical Models for Personal Insurance
**.** - MAC 539 (MA) Non-Life Insurance Mathematics I
- MAC 546 (MA) Non-Life Insurance Mathematics II

- MAC 413 (BA) Mathematical Models for Personal Insurance

The certificates are issued upon application after passing the exams. The application can be submitted to Ms. Gilliar by submitting the transcripts of records. The DAV basic knowledge certificates can be recognized in any order.

Please note that due to the 3-year cycle of lectures at the Schlather chair, personal insurance in HWS 2022 (2025 etc.) can only be offered as a reading course.

If you have any questions, please contact the DAV liaison professor Prof. Dr. Martin Schlather. "Further and current information here"

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