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    #Economic publications

    Germany: Corporate insolvencies on the rise

    According to the Federal Statistical Office, corporate insolvencies in Germany rose by 22.1% last year compared to the previous year. Despite this sharp increase, this is merely a normalization to pre-pandemic levels. With a total of 17,814 insolvencies, the figure for 2023 was still below the 2019 level, when 18,749 company bankruptcies were registered.

Experts advice

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    • #Experts advice

    Credit Insurance v Self Insurance

    Self insurance simply means setting money aside in case of bad debt. Often, companies simply keep a sum in a separate bank account for emergencies only.

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    • #Experts advice

    Credit Insurance v Bad Debt Protection

    Bad debt insurance offers just one kind of protection for your business: against customer insolvency and the resulting loss of income if a bill isn’t paid as a result.

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