Allianz Trade’s latest Global Insolvency Report predicts that global business insolvencies will continue to rise over the next two years. After a 10% increase in 2024, insolvencies are projected to grow by 6% in 2025 and 3% in 2026—resulting in five consecutive years of rising insolvencies from 2022 to 2026. However, the possibility of a trade war could push insolvency rates even higher. Maxime Lemerle, Lead Analyst for insolvency research at Allianz Trade, commented: “A full-fledged trade war would increase our insolvency forecast by an additional +2.1pp and +4.8pps, meaning that global business insolvencies would rise by +7.8% and +8.3% in 2025 and 2026 respectively. For 2025–2026, this would mean +6,800 additional cases in the US and +9,100 in Western Europe”. To read Allianz Trade’s news release, with a link to the full report, go to https://www.allianz-trade.com/en_global/news-insights/news/insolvency-report-2025.html.