Score of 95.3/100 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 | 23 Jan 2026 | 18 | 97% | 3% | 0% | 3% |
| 01 Jan 2025 - 30 Jun 2025 | 17 Jul 2025 | 19 | 92% | 8% | 0% | 8% |
| 01 Jul 2024 - 31 Dec 2024 | 14 Jan 2025 | 19 | 93% | 7% | 0% | 7% |
| 01 Jan 2024 - 30 Jun 2024 | 26 Jul 2024 | 19 | 93% | 5% | 2% | 7% |
| 01 Jul 2023 - 31 Dec 2023 | 23 Jan 2024 | 20 | 93% | 6% | 1% | 7% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 20 | 92% | 5% | 3% | 8% |
| 01 Jul 2022 - 31 Dec 2022 | 24 Jan 2023 | 18 | 92% | 7% | 1% | 8% |
| 01 Jan 2022 - 30 Jun 2022 | 22 Jul 2022 | 20 | 90% | 9% | 1% | 10% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 9 | 92% | 7% | 1% | 8% |
| 01 Jan 2021 - 30 Jun 2021 | 02 Aug 2021 | 23 | 88% | 9% | 3% | 12% |
| 01 Jul 2020 - 31 Dec 2020 | 25 Jan 2021 | 21 | 93% | 6% | 1% | 7% |
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | 27 | 74% | 24% | 2% | 26% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 13 | 98% | 2% | 0% | 2% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 15 | 97% | 3% | 0% | 3% |
| 01 Jan 2018 - 30 Jun 2018 | 17 Aug 2018 | 12 | 97% | 3% | 0% | 3% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The Company's standard contractual length of time for payment of invoices in relation to qualifying contracts is 30 days from receipt of a correct invoice. There were no variations to the Company's standard payment terms within the reporting period. The maximum payment period for payment of invoices in relation to qualifying contracts which the Company has entered into is 30 days from receipt of a correct invoice. The Company's payment practices and policies in relation to qualifying contracts do not include an arrangement under which a supplier can receive payment of an invoiced sum from a finance provider before the end of the payment period, with the qualifying company paying the invoiced sum to the finance provider. The Company's payment practices and policies in relation to qualifying contracts during the reporting period did not provide for the electronic submission and tracking of invoices. The Company is currently undertaking development pilots for e-invoicing. The Company is not a signatory to a code of conduct or standards on payment practices. The Company's payment practices and policies do not allow the Company to deduct a sum from a payment under a qualifying contract, as a charge to a supplier to remain on Company’s list of suppliers or potential suppliers.
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
Contact information for all matters arising under qualifying contracts with the Company is provided to vendors in the document Purchase Order & Invoicing standards for Swiss Re Services Ltd. There is no specific process in the Company's qualifying contracts for resolving disruptions relating to payment. Under the terms of the standard contract the courts of England and Wales have exclusive jurisdiction to settle any dispute or claim.
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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
SWISS RE SERVICES LIMITED is a leading global provider of reinsurance, insurance, and other financial services. The company is committed to sustainability and has implemented various initiatives to promote environmental and social responsibility.
Their sustainability program focuses on reducing their carbon footprint, supporting renewable energy projects, and promoting diversity and inclusion within their workforce. They also have a strong commitment to corporate social responsibility and support various charitable organizations and disaster relief efforts.
In terms of products and services, SWISS RE SERVICES LIMITED offers a wide range of reinsurance solutions to help their clients manage risk and protect their businesses. They also provide insurance products for individuals and businesses, including life, health, and property insurance.
The key people at SWISS RE SERVICES LIMITED include their CEO, Christian Mumenthaler, and their Chairman of the Board of Directors, Walter B. Kielholz. They have a team of experienced professionals who are dedicated to providing excellent service and innovative solutions to their clients.
For more information on their products and services, as well as their sustainability efforts, interested individuals can visit their website at www.swissre.com. Their registered office is located at Mythenquai 50/60, CH-8022 Zurich, Switzerland.
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