Expect premiums to drop, says Board

CONSUMERS should expect insurance premiums to fall further, according to the head of the Personal Injuries Assessment Board (PIAB).

Dorothea Dowling says the board has succeeded in reducing the cost of compensation claims, which should mean savings being passed back to consumers.

The PIAB, set up to deal with employer and public liability claims in a bid to reduce spiralling insurance costs, claimed it has been a success. Over the past two years insurance costs have fallen by 24%.