Allianz Trade, the world’s largest credit insurer, expects a significant increase in insolvencies in Germany this year, forecasting a 21% rise in bankruptcies to around 21,500 cases. This follows a 22% rise last year and is expected to leave numbers some 15% higher than pre-coronavirus levels in 2019. Allianz Trade forecasts a moderate further increase of about 2% to approximately 22,000 cases by 2025. Concerns are mounting over the high number of major insolvencies among companies with annual revenues of at least €50 million ($55 million). There have already been 40 such bankruptcies in the f…