Motor insurance enjoys its best year since 1985

If you think of motor insurance like the Formula 1 World Championships, 2018 would be laps ahead of the competition right now.In 2018, the UK motor insurance market enjoyed a massive year, its best since 1985 in fact, when EY first started recording figures on the industry. Tony Sault (pictured), UK general insurance market lead at EY, said that everyone in the industry would be very pleased with the results given there was a Net Combined Ratio (NCR) of 94.8% for the year.Its only the third time its had two years of profit, year after year, but its the highest weve seen for 33 years. So, its a record year,Sault said.