16 January 2023

With the current economic climate becoming increasingly volatile, the number of corporate insolvencies is increasing to levels greater than was seen before the pandemic. Credit insurance is a crucial tool in protecting businesses from bad debt and unpaid invoices. The latest insolvency statistics up to November 2022 show that the total number of insolvencies is 21% higher than was seen in 2019. The chart below shows the % change per sector.



2022 insolvencies by sector (up to November 2022)