The average time taken for UNDERWRITEME LIMITED to pay invoices has been decreasing over the past three periods, indicating a trend towards more efficient and timely payments. The percentage of invoices paid within 30 days has also been increasing, while the percentage of invoices paid between 31 and 60 days and later than 60 days has been decreasing.
The volatility in the average time taken to pay invoices for UNDERWRITEME LIMITED has been relatively low, with only a 4.1% decrease between the first and third periods. However, there has been a significant increase in the percentage of invoices paid within 30 days from the first to third period, indicating a more stable and consistent payment pattern.
For UNDERWRITEME LIMITED, the average time taken to pay invoices has decreased from 43.2 days in the first period to 37.1 days in the third period. The percentage of invoices paid within 30 days has increased from 50.0% to 62.5%, while the percentage of invoices paid later than 60 days has decreased from 14.7% to 12.5%. The shortest (or only) standard payment period remains at 30 days.
| 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 | 14 Aug 2018 |
UnderwriteMe Limited, registered in England and trading as UnderwriteMe, develops software for the life insurance sector. Its Decision Platform provides insurers with automated underwriting and claims processing tools, aiming to improve point of sale decision rates while reducing time and cost involved in manual underwriting. Its Protection Platform serves financial advisers, giving them consolidated access to insurers' underwriting philosophies, products and pricing so they can research and select suitable policies for customers in one place. The company describes its aim as making life insurance simpler and more accessible for both insurers and advisers, positioning itself as a technology provider within the insurance industry rather than an insurer itself.
Generated from the company's website and Companies House records. Sources: underwriteme.co.uk