IWV Institut für Wirtschaftsmathematik und betriebliche Versorgungssysteme AG

What IWV Institut für Wirtschaftsmathematik und betriebliche Versorgungssysteme AG does

IWV Institut für Wirtschaftsmathematik und betriebliche Versorgungssysteme AG is a German boutique consultancy specializing in Betriebliche Altersversorgung (bAV) and Zeitwertkonten (time-value accounts). Founded in 1998 and headquartered in Feldkirchen near Munich with a secondary office in Zorneding, the firm is owner-managed by Martin Bauer, Andreas Gruber, and Dr. Thomas Kick and is explicitly independent of any bank or insurance company. It serves three customer segments: German employers seeking to establish, optimize, or outsource corporate pension schemes; individuals (notably Gesellschafter-Geschäftsführer, executives, employees, and self-employed) needing personalized pension planning; and advisors (tax consultants, financial advisors, product providers) who co-deliver bAV solutions.

The firm delivers a layered offering that combines actuarial consulting (opinions under §6a EStG, HGB, IFRS/IAS19, US-GAAP), legal advisory via its court-registered Rentenberater license, ongoing administration of pension commitments and time-value accounts, and financing optimization. This service backbone is supported by four proprietary digital platforms—Admiral (Zeitwertkonten administration), PIA (capital-funded pension administration), and the jointly developed ePensio and eVorsorge portals—and by two captive, regulated entities: IWV Pension Trust e.V. (a CTA for insolvency protection) and ePensio Unterstützungskasse e.V. (a cross-company support fund).

Revenue is generated through professional services fees covering consulting, actuarial opinions, ongoing administration retainers, and project work, distributed primarily through direct B2B sales and a referral network of tax and financial advisors. The web presence and partner portal serve as the primary marketing channels, complemented by industry membership in aba. The firm operates entirely in the German domestic market.

Name

IWV Institut für Wirtschaftsmathematik und betriebliche Versorgungssysteme AG

Legal name

IWV Institut für Wirtschaftsmathematik und betriebliche Versorgungssysteme GmbH

Website

https://iwv-institut.de

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

1–10 employees

Short description

IWV Institut is a German boutique consultancy specializing in corporate pension (bAV) and time-value account solutions, serving employers, shareholder-managers, and advisors through actuarial expertise, proprietary digital platforms, and captive trust structures.

Ownership category

akta.pro rank

Product category

Occupational Pension Consulting and Administration

NAICS

Insurance and Employee Benefit Funds (5251), Insurance Agencies and Brokerages (524210)

SIC

Services-Management Consulting Services (8742), Insurance Agents, Brokers & Service (6411)

akta.pro industry

PRIMARYFSAEABAE

Employer Retirement Plan Advisory (401(k)/Pension)

Financial & Insurance/Financial Advisory, Brokerage & Intermediation/Wealth & Retirement Advisory

Keywords

• Occupational pension consulting
• Actuarial services
• Time-value accounts
• Pension administration software
• Insolvency protection trusts

Headquarters

HQ city

Feldkirchen

HQ country

Germany

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Professional Services (Beratung, Gutachten, Verwaltung, Finanzierung): Fee-based professional services spanning actuarial consulting, legal advice, administration, and financing of company pension schemes (bAV). Services include actuarial opinions, balance sheet assessments, ongoing administration of pension commitments and time-value accounts, and financing optimization. Revenue is generated through project fees and ongoing retainer/administration contracts.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

IWV Institut provides consulting, actuarial opinions, administration, and financing services for German occupational pension schemes (Betriebliche Altersversorgung / bAV) and time-value accounts (Zeitwertkonten). The firm delivers product-agnostic, end-to-end engagement from analysis and scheme design to ongoing administration, supported by proprietary software platforms (Admiral, PIA, ePensio, eVorsorge) and captive trust/support-fund entities (IWV Pension Trust e.V., ePensio Unterstützungskasse e.V.) for insolvency protection. Clients include companies, shareholder-managers, executives, employees, self-employed professionals, tax advisors, financial advisors, and product providers.

Product overview

IWV Institut offers a comprehensive portfolio of occupational pension (bAV) services built around its own software platforms and trust structures. The core offering includes actuarial consulting, company pension solutions, time-value accounts, and administration services delivered through proprietary platforms: ePensio Portal for individual pension commitments management, eVorsorge Portal for broker administration, Admiral for time-account administration, and PIA for capital-funded commitment administration. The portfolio is supported by proprietary trust structures (IWV Pensions Trust e.V. for CTA/insolvency protection and ePensio Unterstützungskasse e.V. for cross-company pension pooling) and partnered offerings including INVITASECUR broker services and PensionInvest Plus investment concepts.

Differentiator

Problem solved

Functional benefit

Brands

• ePensio Unterstützungskasse e.V. Unsegmented, supra-company support fund allowing flexible combination of insurance solutions for corporate pension commitments
• IWV Pensions Trust e.V.
• eVorsorge Portal
• ePensio Portal
• Admiral
• PIA Pension Invest Administration
• INVITASECUR
• PensionInvest Plus e.V.

Products and services

• Betriebliche Altersversorgung (bAV) Consulting and Administration End-to-end occupational pension (bAV) services for German companies: analysis, setup, optimization, legal advisory, financing, risk management, and ongoing administration of company pension schemes. Designed for employers seeking product-agnostic, integrated bAV solutions.
• Zeitwertkonten (ZWK) Time-Value Account Solutions Time-value account (Zeitwertkonto) models enabling flexible working hours, early retirement options, and occupational flexibility for employees without pension losses or social security disadvantages. Includes analysis, concept creation, implementation consulting, and ongoing administration.
• Versicherungsmathematische Gutachten (Actuarial Opinions) Actuarial opinions for pension, part-time retirement, and other personnel obligations according to German tax law (§6a EStG, §4d EStG), commercial law (HGB), and international standards (IFRS/IAS19, US-GAAP/FAS87). Delivered by certified actuaries for balance sheet, M&A, and reporting purposes.
• Admiral Internet Platform Proprietary internet application for the administration of time-value accounts (Zeitwertkonten), supporting central HR management, employee self-service, payroll system interfaces (txt), and investment order processing for fund shares. Provided to clients and partners.
• PIA (Pension Invest Administration) Proprietary internet platform for administering capital-funded pension commitments (kapitalgedeckte Zusagen), managing both the obligation side of company benefit rights and the asset side, with interfaces to actuarial tools, fund order processing, and reporting for companies, employees, and trustees.
• ePensio Portal Proprietary web portal (co-developed with eVorsorge) providing a framework for individual contractual pension commitments, actuarial valuations, and pension commitment administration for shareholder-managers (Gesellschafter-Geschäftsführer). Supports new commitments and refinancing of existing commitments.
• eVorsorge Portal Proprietary software platform (co-developed with eVorsorge) providing deep consulting, sales, and administration support for insurance brokers, including employee portal setup and ongoing pension fund management.
• ePensio Unterstützungskasse e.V. Unsegmented, cross-company support fund (Unterstützungskasse) founded by IWV, allowing companies to combine pension solutions from multiple insurers and consolidate existing commitments from different support funds for greater flexibility.
• IWV Pensions Trust e.V. (CTA) CTA (Contractual Trust Arrangement) trust providing maximum insolvency protection for pension commitments, time-value accounts, and phased retirement obligations, protecting assets from insolvency administrators. Founded by IWV as an independent structure.
• PensionInvest Plus e.V. Bundled service initiative led by IWV combining expertise from multiple specialist providers in bAV and capital investment, creating risk-managed investment concepts for financing company pensions via investment solutions rather than traditional insurance, with ongoing performance monitoring.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered core and minor.

• eVorsorge Finanzservice und Pensionsmanagement GmbHcoreStrategic or Co-development PartnerJoint project partner for the ePensio Portal and eVorsorge Portal. ePensio Portal provides a framework for individual pension commitments, actuarial valuations, and administration for shareholder-managers. eVorsorge Portal provides consulting, sales, and administration software for insurance brokers. IWV and eVorsorge co-developed these platforms.
• INVITASECUR GmbHminorStrategic or Co-development PartnerINVITASECUR is described as a partner insurance and financial broker specializing in insurance- and investment-based solutions for private and company pension provision. IWV refers potential job candidates to INVITASECUR.
• PensionInvest Plus e.V.coreStrategic or Co-development PartnerPensionInvest Plus e.V. is a bundled service initiative led by IWV that combines expertise from multiple specialist providers in bAV and capital investment. It creates risk-managed investment concepts for financing company pensions via investment solutions (rather than traditional insurance), with ongoing performance monitoring.
• IWV Pension Trust e.V.coreOthersAn overbetriebliche (cross-company) trust founded by IWV providing insolvency protection for company pension commitments, time-value accounts, and partial retirement obligations. Independent of any bank, insurer, or asset manager. Protects assets from insolvency administrators.
• ePensio Unterstützungskasse e.V.coreOthersAn unsegmented, cross-company support fund (unsegmentierte, überbetriebliche Unterstützungskasse) founded by IWV to provide greater flexibility for company pension schemes. Allows companies to combine solutions from multiple insurers and consolidate existing commitments from different support funds.

Scale indicators3 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• TPC GmbH (The Pension Consultancy): Specialist German bAV consulting and administration boutique serving mid-market companies — directly comparable in scope, customer segment, and product-agnostic positioning to IWV.
• Lurse GmbH: German independent consultancy specializing in actuarial services, bAV advisory, and pension administration for employers — the closest direct peer to IWV by scope, customer base, and product-agnostic positioning.
• Sogema Deutschland GmbH: German consultancy focused on pension schemes, actuarial valuations, and bAV optimization for medium-sized enterprises — overlapping closely with IWV's mid-market employer segment.
• eVorsorge Finanzservice und Pensionsmanagement GmbH: Strategic co-development partner of IWV offering consulting, sales, and administration software for insurance brokers and shareholder-manager pension commitments — directly comparable in customer base and offering to IWV's eVorsorge and ePensio platforms.
• Dr. Heissmann GmbH: Independent German actuarial consultancy offering bAV actuarial opinions, pension scheme consulting, and administration services to employers and advisors — directly comparable to IWV's actuarial and bAV practice.

Broad incumbents

• Swiss Life Pension Services: German arm of an international financial group providing bAV administration and consulting services, competing for the same employer clients as IWV though with carrier-tied offerings.
• Mercer (Marsh McLennan): Global consulting leader with deep German bAV, time-value accounts, and pension administration offerings, competing with IWV for mid-market and enterprise clients seeking independent advisory.
• Allianz Pension Partners: Insurer-affiliated German bAV provider combining actuarial, administration, and insurance product distribution for company pensions — overlapping with IWV's services but tied to a single carrier's product suite.
• Willis Towers Watson: Global actuarial and risk consulting firm with a substantial German retirement practice, providing bAV advisory, actuarial opinions, and pension administration comparable to IWV's core services.
• Aon plc: Global professional services firm with a large German actuarial and retirement/pensions practice that competes with IWV for enterprise bAV mandates, while serving many other insurance, health, and HR advisory needs.

Market position

Strengths6 records

Weaknesses5 records

Competitive moat5 records

Key risks1 record

Key highlights1 record

Customer concentration

• LinkedInlinkedin.com/company/iwv-institut-f%C3%BCr-wirtschaftsmathematik-und-betriebliche-versorgungssysteme-ag

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about IWV Institut für Wirtschaftsmathematik und betriebliche Versorgungssysteme AG