Industry ranking
| 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 Jul 2025 - 31 Dec 2025 | 19 Jan 2026 | 47 | 65% | 15% | 20% | 35% |
| 01 Jan 2025 - 30 Jun 2025 | 14 Jul 2025 | 48 | 51% | 26% | 23% | 49% |
| 01 Jul 2024 - 31 Dec 2024 | 16 Jan 2025 | 27 | 72% | 20% | 8% | 16% |
| 01 Jan 2024 - 30 Jun 2024 | 10 Jul 2024 | 24 | 78% | 15% | 7% | 12% |
| 01 Jul 2023 - 31 Dec 2023 | 05 Feb 2024 | 19 | 86% | 9% | 5% | 8% |
| 01 Jan 2023 - 30 Jun 2023 | 12 Jul 2023 | 12 | 86% | 4% | 10% | 11% |
| 01 Jul 2022 - 31 Jul 2022 | 12 Jan 2023 | 8 | 80% | 19% | 1% | 10% |
| 01 Jan 2022 - 30 Jun 2022 | 14 Jul 2022 | 7 | 77% | 14% | 9% | 10% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 6 | 88% | 5% | 7% | 10% |
| 01 Jan 2021 - 30 Jun 2021 | 14 Jul 2021 | 11 | 84% | 6% | 10% | 11% |
| 01 Jul 2020 - 31 Dec 2020 | 25 Jan 2021 | 6 | 85% | 7% | 8% | 10% |
| 01 Jan 2019 - 30 Jun 2019 | 23 Jul 2019 | 8 | 72% | 22% | 6% | 28% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 14 | 68% | 23% | 9% | 30% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 43 | 59% | 23% | 18% | 26% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Chubb Standard contract terms are 30 days (both long form and short form agreements). However, approved invoices are generally paid as soon as they are received.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
30
All disputes shall be referred to the Chubb Authorised Representative and Supplier Authorised Representative (together, Representatives) for resolution. The Representatives shall meet to resolve the dispute as soon as reasonably practicable after referral and in any event within seven (7) days of such referral. If a dispute is not resolved within seven (7) days of the dispute being referred to the Representatives for resolution, then the dispute shall be referred to the Managing Director of Chubb and the Managing Director of Supplier. The Managing Directors shall meet to resolve the dispute as soon as reasonably practicable after referral and in any event within seven days of such referral. If a dispute is not resolved within 35 days of the dispute first being referred to the Representatives for resolution then the Parties shall be entitled to commence legal proceedings in connection with the dispute or to settle the dispute through any other alternative dispute resolution procedure that the Parties may agree in relation to the dispute.
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
Chubb Services UK Limited is a UK-registered company forming part of the Chubb group, an international insurance business. Companies House records its activity under other business support services, indicating it operates as a support or service entity within the wider group rather than as a direct underwriter. The Chubb group itself provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a range of clients. This entity's registered office is in London, and it has been incorporated since 1980. No further detail on its specific internal function within the group is available from the evidence provided.
Generated from the company's website and Companies House records. Sources: chubb.com