AIOI NISSAY DOWA INSURANCE COMPANY OF EUROPE PLC
Company Information
- Company Number
- 05046406
- Registered Address
- 7th Floor, 52-56 Leadenhall Street, London, England, EC3A 2BJ
- Status
- Converted / Closed
- Employee Count
- 741
- Turnover
- £208,610,000
- EBITDA
- -£85,781,000
Additional Details
- Website
- https://aioinissaydowa.eu
- Company Type
- Converted/closed company
- Incorporated On
- 17 February 2004
- Nature of Business
- 65120 - Non-life insurance65202 - Non-life reinsurance
- Industries
- Financial Services
- Region
- London
Time to Pay
Payment Timeline
Payment Features
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 2018 - 30 Jun 2018 | 26 Jul 2018 | 27 | 93% | 7% | 0% | 7% |
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
Aioi Nissay Dowa Insurance Company of Europe plc does not have a standard payment terms but usually the payments are made within the standard terms of the respective suppliers. (within 7 days/ 14 days/ 30 days)
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
On notification of a complaint: contact supplier, investigate complaint, request copies of any missing documentation and/or, investigate the processing stage, resolve or, communicate issues to resolve.
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.
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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
Company Summary
AIOI NISSAY DOWA INSURANCE COMPANY OF EUROPE PLC is a European subsidiary of the Japanese insurance giant, Nippon Life Insurance Company, and is headquartered in London, UK. The company offers a wide range of insurance products and services, including property and casualty insurance, marine insurance, and liability insurance.
One of the key focuses of AIOI NISSAY DOWA INSURANCE COMPANY OF EUROPE PLC is sustainability. The company is committed to reducing its environmental impact and promoting sustainable practices across its operations. It has implemented various initiatives to achieve this, such as using renewable energy sources in its offices, promoting paperless processes, and partnering with suppliers who share its sustainability values.
The company also offers a range of sustainable insurance products and services to its customers. These include green car insurance, which rewards customers for choosing environmentally friendly vehicles, and sustainable business insurance, which covers risks related to climate change and environmental damage.
The key people leading AIOI NISSAY DOWA INSURANCE COMPANY OF EUROPE PLC include CEO Masafumi Takada and Chairman Kengo Sakurada. The company's registered office address is 1 Finsbury Avenue, London, EC2M 2PA, and its website is www.aid-plc.com. Customers can contact the company through its website or by phone at +44 (0) 20 7621 4500. Overall, AIOI NISSAY DOWA INSURANCE COMPANY OF EUROPE PLC is dedicated to providing sustainable insurance solutions while also promoting sustainable practices within its own operations.
