CHUBB EUROPEAN GROUP SE
Company Information
- Company Number
- SE000116
- Registered Address
- 100 Leadenhall Street, London, United Kingdom, EC3A 3BP
- Status
- Closed — Transfer from UK
- Employee Count
- 0
- Turnover
- £0
- EBITDA
- £0
Additional Details
- Website
- https://chubb.com
- Company Type
- European public limited liability company (SE)
- Nature of Business
- 65120 - Non-life insurance
- Industries
- Financial Services
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The trend for CHUBB EUROPEAN GROUP SE is a steady increase in the average time to pay and a decrease in the percentage of invoices paid within 30 days. This indicates that the company may be taking longer to pay invoices to their suppliers.
Volatility Analysis
The volatility for CHUBB EUROPEAN GROUP SE is relatively low, with small changes in the percentages of invoices paid within different time periods over the three periods analyzed.
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 | 31 Jul 2018 | 30 | 73% | 18% | 9% | 16% |
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
Chubb Standard contract terms are 45 days. 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
Any other information about payment terms
N/A
Maximum contractual payment period agreed
45
Dispute Resolution Process
Any disputes are treated as confidential and referred to the Chubb Authorised Representative and Supplier Authorised Representative for resolution. The Representatives meet to resolve the dispute as soon as reasonably practicable and in any event within seven days of the referral. If required, the dispute is then referred to the Managing Director of Chubb and the Managing Director of Supplier, who again meet to resolve the dispute as soon as reasonably practicable after referral and in any event within seven days of the referral. If a dispute is not resolved within 35 days of the dispute first being referred to the Representatives then the Parties are entitled to begin 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.
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.
❌
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
Company Summary
CHUBB EUROPEAN GROUP SE is a leading insurance company that operates in Europe, providing a wide range of insurance products and services. The company is committed to sustainability and has a strong focus on responsible business practices.
The sustainability program of CHUBB EUROPEAN GROUP SE is based on three pillars: responsible business practices, environmental stewardship, and community engagement. The company aims to minimize its environmental impact by promoting sustainable practices within its operations, such as reducing carbon emissions and managing waste.
In terms of products and services, CHUBB EUROPEAN GROUP SE offers a comprehensive range of insurance solutions for businesses, individuals, and families. These include property, casualty, and specialty insurance, as well as risk management services. The company also provides innovative solutions for cyber risks, environmental risks, and international trade.
The key people at CHUBB EUROPEAN GROUP SE include CEO David Furby, who has over 30 years of experience in the insurance industry, and Chairman of the Board John Keogh, who has a strong background in corporate governance and risk management. The company has a team of highly skilled professionals who are dedicated to providing top-notch insurance solutions to their clients.
Contact information for CHUBB EUROPEAN GROUP SE can be found on their website, which is www.chubb.com/eu. The registered office address is La Tour Carpe Diem, 31 Place des Corolles, Esplanade Nord, 92400 Courbevoie, France.
In conclusion, CHUBB EUROPEAN GROUP SE is a reputable insurance company in Europe that is committed to sustainability and responsible business practices. With a wide range of insurance products and services and a team of experienced professionals, the company is well-equipped to meet the diverse needs of its clients.
