The ebb and flow of the insolvency wave

Executive Summary

In its latest Global Insolvency Report, Allianz Trade reveals a more severe outlook for the global business landscape, with insolvencies projected to climb by +11% in 2024 – an even steeper rise than previously anticipated. The report highlights key trends and risks for businesses worldwide, as the global economy grapples with sluggish demand, ongoing geopolitical tensions, and uneven financing conditions.

•  
• What to watch?
• A faster-than-expected global acceleration
• 2025-2026 peaking at high levels
• Lower interest rates will not entirely lower insolvencies
• Asia Pacific: +3% increase in 2024 and +1% in 2025 but subject to China’s overall performance