Credit insurance specialist Allianz Trade now expects global insolvencies to increase by 21% in 2023. What is also certain is that regulators will be more attentive to the signs of more instability in the financial services sector. (Credit: Antonio/Adobe Stock) Credit insurance specialist Allianz Trade now expects global insolvencies to increase by 21% in 2023. What is also certain is that regulators will be more attentive to the signs of more instability in the financial services sector. (Credit: Antonio/Adobe Stock)

Recent years have seen the financial services industry have to deal with the unprecedented levels of uncertainty caused by COVID-19. Banks, asset managers, insurers and capital markets, together with other financial services organizations around the globe, all played their part in helping to weather the storm.

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