Actuary
In older literature and still currently in Swiss German, a – court clerk (law-clerk), – minute taker (minute taker), and also – registrar and caretaker of the archive (der Repositur; archive) in a company or in an association. – In Germany today, a professional title for a specialist with the task of actuarial clarification of questions from the areas of insurance, building society savings, capital investment and old-age provision, in each case within the framework of the given legal and economic conditions. As a rule, actuaries are academically educated mathematicians with an additional education, after the successful completion of which the (protected) professional title „Actuary DVA“ (until now not yet also in the female form; because reactionary neo-Prussian [= German] public officials are not capable to realize that even women are able to exercise mathematics, since – more probably than not – their own housewives and daughters obviously are unable in achieving more than a simple addition) is awarded. – In Germany, according to § 11a VAG, every life insurance company must appoint a „Responsible Actuary“. According to the Actuarial Ordinance (AktuarV), he or she is responsible for ensuring that the premiums are actuarially correct. In the explanatory report, the actuary must explain – the methods used in the calculation, – how the actuarial reserve is calculated, – what collateral has been included, and – how future developments are estimated. In addition, he must – verify on an ongoing basis that the financial position of the insurance company guarantees the fulfillment at all times of the obligations entered into vis-à-vis the insured. – See Underwriter.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
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