Mathematics students at Saar University: starting signal for actuarial training!

Mathematics students at Saar University: starting signal for actuarial training!

Mathematics students at the Saarland University have recently been able to take a decisive step in their professional careers. The basic courses in actuarial and financial mathematics have received accreditation from the German Actuarial Association (DAV). This recognition enables students to complete a relevant part of their actuarial training during their studies, which is a significant advantage when entering the finance and insurance industry.

Actuaries are experts who assess financial risks in banks and insurance companies. Their work is indispensable, especially since around a third of mathematics graduates in Germany are employed in this sector. With the accreditation now available, students who have successfully completed the corresponding modules in the “Insurance and Financial Mathematics” course of study are exempt from the obligation to take an additional part-time examination as part of their DAV training.

Benefits of accreditation

Henryk Zahle, professor of stochastics and liaison lecturer at the DAV, highlights the advantages of accreditation. Actuarial training is considered demanding and requires a significant investment of time and money. By being able to gain an important part of the training as part of their studies, students can not only improve their career prospects, but also receive an official certificate that supports their qualifications.

The “Actuarial and Financial Mathematics” degree program is also designed to prepare students for the diverse requirements of insurance companies, banks and consulting companies. It not only teaches basic mathematical principles and applied mathematics, but also in-depth knowledge of the relevant insurance and financial mathematics. In addition, basic economic knowledge and optional knowledge of data science techniques are offered.

Actuaries and their role in society

Actuaries are characterized by their ability to assess uncertainties in areas such as insurance, building savings, investments and pensions. Loud aktuar.de The actuaries' expertise makes risks calculable and influences social decisions. The training to become an actuary at DAV as well as various additional qualifications, such as CADS, CERA or IVS, offer graduates the opportunity to develop further in a dynamic field.

The combination of mathematical and economic knowledge enables actuaries to take responsibility, predict trends and design long-term strategies. This is particularly relevant at a time when the financial sector is becoming increasingly complex and interdependent. Further training and specialization are therefore essential for aspiring actuaries in order to compete and successfully master the challenges of the industry.