Company Directory - Hiscox
Company Details - Hiscox
Hiscox
WebsiteHiscox is a global insurance company that provides a range of insurance products, specializing in coverage for small businesses, professionals, and individuals. The company's offerings include business insurance, professional liability, and home insurance, making it a trusted provider for those seeking tailored coverage solutions.
CCI Score
CCI Score: Hiscox
41.13
-0.03%
Latest Event
Hiscox Advances Anti-Slavery and Human Rights Practices
Hiscox published its Modern Slavery Statement for the financial year ending December 2023, detailing robust policies and measures to prevent modern slavery and human trafficking. The disclosure outlines steps taken across the business, including enhanced internal controls, supplier due diligence via EcoVadis and FSQS, comprehensive staff training, updated whistleblowing channels, and future plans to publish a dedicated Human Rights Policy.
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DISSENTER
Hiscox is currently rated as a Dissenter.
Latest Events
- JUN282024
Hiscox published its Modern Slavery Statement for the financial year ending December 2023, detailing robust policies and measures to prevent modern slavery and human trafficking. The disclosure outlines steps taken across the business, including enhanced internal controls, supplier due diligence via EcoVadis and FSQS, comprehensive staff training, updated whistleblowing channels, and future plans to publish a dedicated Human Rights Policy.
+60
Labor Relations and Human Rights Practices
April 1
Hiscox's detailed Modern Slavery Statement demonstrates a strong commitment to upholding labor rights, with clear policies on modern slavery, comprehensive employee training, and grievance procedures. These measures protect workers and promote human rights, aligning with progressive, anti-authoritarian practices.
+50
Supply Chain Ethics
April 1
The disclosure details enhanced supply chain due diligence measures, including partnerships with EcoVadis and the Financial Services Qualification Scheme (FSQS), along with a strict Supplier Code of Conduct. These actions minimize the risk of modern slavery in the supply chain and promote ethical sourcing, reflecting a proactive stance against exploitative practices.
- JUN282024
Hiscox published its updated Modern Slavery Statement and group policies on June 28, 2024, detailing enhanced measures to prevent modern slavery and human trafficking, strengthen supplier due diligence through EcoVadis assessments, and improve internal whistleblowing channels and training programs.
+80
Labor Relations and Human Rights Practices
April 1
Hiscox’s update of its Modern Slavery Statement along with enhanced whistleblowing policies, robust training programs, and commitment to upholding human rights demonstrates a strong commitment to ethical labor practices and worker protection.
+70
Supply Chain Ethics
April 1
The implementation of enhanced supplier due diligence measures, including the incorporation of the EcoVadis ESG platform to monitor high-risk suppliers, reflects Hiscox’s proactive approach to mitigating modern slavery risks within its supply chain.
- DEC312023
Hiscox released a Modern Slavery Act statement outlining its efforts during the financial year ended December 31, 2023. The statement details the company’s commitment to integrity and human rights, including the integration of FSQS into its sourcing process and the engagement of an independent third party for an audit, aimed at mitigating modern slavery risks within its operations and supply chain.
+60
Labor Relations and Human Rights Practices
April 1
Hiscox's public commitment to prevent modern slavery and human trafficking, reinforced by independent audits and clear internal guidelines, highlights a positive approach to upholding labor rights and human rights practices across its operations.
+70
Supply Chain Ethics
April 1
By incorporating supplier checks via the FSQS process and commissioning an independent audit, Hiscox demonstrates a robust commitment to ethical sourcing and supply chain practices, effectively reducing the risk of modern slavery in its operations.
- MAR082017
Hiscox has shut down its political risk insurance operations and allowed its team of three underwriters to depart, citing ongoing market challenges and the pursuit of other opportunities. This strategic withdrawal indicates a move away from underwriting risks associated with politically unstable environments.
+25
Business Practices and Ethical Responsibility
April 1
By withdrawing from its political risk operations, Hiscox reduces its potential exposure to underwriting policies that might indirectly support regimes engaged in authoritarian practices. This move, driven by market challenges rather than profit motives tied to controversial political engagements, is seen as a step towards ethically focused business practices.
- JAN302017
On January 30, 2017, Hiscox informed brokers that it had placed its political risk insurance book into run-off and withdrawn from that market with immediate effect. This decision marks a move away from underwriting political risk, a sector that can inadvertently support regimes exhibiting authoritarian practices.
+40
Public and Political Behavior
April 1
Hiscox’s decision to exit the political risk insurance market can be interpreted as a step to reduce potential complicity in financing practices that may indirectly support authoritarian regimes. By discontinuing a product that covers politically volatile risks, the company minimizes its role in underwriting exposure to political instability—a move that aligns with progressive, anti-authoritarian principles.
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Corporate Financials
- Revenue
- 2021
- $1.14B
- Total Assets
- 2021
- $1.91B
- Operating Income
- 2021
- $260.00M
- Total Equity
- 2021
- $1.25B
Employees: 2,000
Industries
- 524126
- Direct Property and Casualty Insurance Carriers
- 524128
- Other Direct Insurance (except Life, Health, and Medical) Carriers
- 524292
- Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds