Score of 95.1/100 qualifies for PaymentCheck Certification
| 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 | 28 Jan 2026 | 17 | 92% | 4% | 4% | 8% |
| 01 Jan 2025 - 30 Jun 2025 | 30 Jul 2025 | 14 | 94% | 4% | 2% | 6% |
| 01 Jul 2024 - 31 Jul 2024 | 28 Jan 2025 | 16 | 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 2023 - 30 Jun 2023 | 17 Jul 2023 | 13 | 93% | 6% | 1% | 7% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 15 | 91% | 7% | 2% | 11% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 20 | 87% | 8% | 5% | 13% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 16 | 91% | 7% | 2% | 9% |
| 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 2020 - 30 Jun 2020 | 15 Jul 2020 | 26 | 78% | 19% | 3% | 22% |
| 01 Jul 2019 - 31 Dec 2019 | 16 Jan 2020 | 23 | 67% | 20% | 12% | 32% |
| 01 Jan 2019 - 30 Jun 2019 | 15 Jul 2019 | 23 | 89% | 8% | 3% | 11% |
This information is as reported by the business, and responses are in their own words.
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
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. No disputes for H2 2025.
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.
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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.
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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.
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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
HISCOX UNDERWRITING GROUP SERVICES LIMITED is a leading insurance company based in the United Kingdom. It offers a wide range of insurance products and services to individuals and businesses.
One of the key focus areas of HISCOX UNDERWRITING GROUP SERVICES LIMITED is sustainability. The company has a sustainability program in place to reduce its environmental impact and promote sustainable practices. This includes initiatives such as reducing paper usage, promoting recycling, and investing in renewable energy sources.
In terms of products and services, HISCOX UNDERWRITING GROUP SERVICES LIMITED offers various types of insurance, including property, casualty, and specialty insurance. It also offers cyber insurance, professional indemnity insurance, and marine insurance.
The key people at HISCOX UNDERWRITING GROUP SERVICES LIMITED include Bronek Masojada, the CEO, and Colin Keogh, the CFO. They are both highly experienced and lead the company with a focus on innovation and customer satisfaction.
For those interested in contacting HISCOX UNDERWRITING GROUP SERVICES LIMITED, the company's website is https://www.hiscoxgroup.com/. The registered office address is 1 Great St Helen's, London, EC3A 6HX, United Kingdom.
In summary, HISCOX UNDERWRITING GROUP SERVICES LIMITED is a reputable insurance company with a strong focus on sustainability. It offers a variety of insurance products and services and is led by experienced individuals. Their website and registered office address are easily accessible for those looking to learn more about the company or get in touch with them.
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