Insurance Business reports that new Allianz research found large businesses are going insolvent at a rate of one every 18 hours globally, warning that domino effects through supplier networks are heightening non-payment risks across sectors. A record 147 cases were recorded in Q4 2025, bringing the annual total to 475 – the largest quarterly and annual figure since Allianz began monitoring in 2015. The combined turnover of insolvent major companies increased by 31% year-on-year in Q4, reaching €66 billion. Global business insolvencies rose 6% in 2025, with Western Europe contributing at the same rate. Most advanced economies now exceed pre-pandemic insolvency levels, while five of nine Asian markets posted double-digit increases. To read Insurance Business’ article, go to https://www.insurancebusinessmag.com/uk/news/breaking-news/five-straight-years-of-rising-insolvencies-marks-worst-streak-since-financial-crisis–allianz-564025.aspx.