By Luigi Serenelli2021-05-04T14:43:00+01:00 The EU Commission’s decision on the changes to the Solvency II Directive has to find the right balance between different aspects of the review, according to panellists at an annual event organized by the German Association of Actuaries (DAV) that took place last week. “We need to look at a balanced outcome at an individual country level because the insurance business is still very national and still has very national components,” said Claudia Donzelmann, global head of regulatory and public affairs at Allianz. Donzelmann noted that since its implementation in 2016 the Solvency II framework has proven to work well, including in times of crisis during the pandemic.