HISCOX INSURANCE COMPANY LIMITED
Company Information
- Company Number
- 00070234
- Registered Address
- 22 Bishopsgate, London, United Kingdom, EC2N 4BQ
- Status
- Active
- Employee Count
- 0
- Turnover
- £192,666,000
- EBITDA
- £46,752,000
Additional Details
- Website
- https://charliecarne.com/
- Company Type
- Private limited Company
- Incorporated On
- 17 May 1901
- Nature of Business
- 65120 - Non-life insurance
- Industries
- Financial Services
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Performance Reports History
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jan 2025 - 30 Jun 2025 | 30 Jul 2025 | 14 | 94% | 4% | 2% | 6% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 14 | 93% | 6% | 1% | 7% |
| 01 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 13 | 94% | 5% | 1% | 6% |
| 01 Jan 2021 - 30 Jun 2021 | 26 Jul 2021 | 18 | 88% | 8% | 4% | 12% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 16 | 89% | 8% | 3% | 11% |
| 01 Jan 2019 - 30 Jun 2019 | 10 Jul 2019 | 23 | 89% | 8% | 3% | 9% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Hiscox standard payment terms are 30 days from receipt of the invoice.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
30
Dispute Resolution Process
Disputes notified to the Accounts Payable team at AccountsPayable@Hiscox.com are prioritised and investigated within 14 working days. When a dispute is received, the vendor is contacted, and the relevant invoices and amounts are reconciled by reviewing updated statements of account vs invoices received and processed in our system any discrepancies are analysed with the corresponding internal contact and resolved with the vendor. Where relevant, disputes can be escalated or notified to the Group Financial Controller. A record of all disputes and their resolution are maintained for future reference.
Other Payment Information
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
❌
Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
❌
Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
❌
Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
HISCOX INSURANCE COMPANY LIMITED is a leading insurance provider that offers a wide range of products and services to its customers. The company is committed to sustainability and has a strong focus on environmental, social, and governance issues.
Their sustainability program includes initiatives such as reducing carbon emissions, promoting diversity and inclusion, and supporting local communities. They also have a responsible investment strategy and work towards reducing their environmental impact through efficient use of resources.
HISCOX offers various insurance products including property, casualty, marine, and specialty insurance. They also provide risk management solutions and services to businesses of all sizes. The company has a global presence and caters to clients in over 190 countries.
The key people at HISCOX include Bronek Masojada, the CEO, and Aki Hussain, the CFO. They are supported by a team of experienced professionals who are dedicated to providing high-quality insurance services to their clients.
Contact information for HISCOX can be found on their website, which is www.hiscox.com. Their registered office address is 1 Great St. Helen's, London EC3A 6HX, United Kingdom.
In conclusion, HISCOX INSURANCE COMPANY LIMITED is a reputable and sustainable insurance provider with a diverse range of products and services. Their commitment to sustainability and focus on customer satisfaction make them a trusted choice for insurance needs.
