Profits in the non-life insurance industry fell by almost 80% during 2008. The drop in profits was largely attributed to a rise in claims costs, amongst other factors. It is common knowledge in the insurance industry that premiums will rise and fall in a hard and soft market cycle every few years. The last insurance hikes [...]

 Most car insurance products will include step back no claims bonus protection as standard. Not every policy includes this cover so it is important to ask before proceeding with a new car insurance policy. Step back bonus protection will normally protect part of the bonus. So, if you have a 5 year bonus – it may be reduced [...]