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James,

Yes insurance companies compete against each other, but they are all fighting against the historically low rates of return on investment and it is this that has resulted in premium cost rising while claims costs have been falling.

That's why statements that 'it's rubbish that the savings won't be passed on' are risible if made honestly by an idiot and downright lies if made by someone who has a basic grasp of the subject.

Similarly 'compensation is too high'? really are you i/c of the JCG, most reasonable practitioners think that the brackets are too low not too high.

It would be one thing if the insurance market operated effectively but it does not: the evidence is that there is a massive variation between policy costs on the same facts (you can try this by using any costs comparison website) and when you renew your insurance viz. 'how much you ^I(%%^ *"^() I haven't had a claim etc and you've raised the price by £150' and then one call to the insurer results in an increase of 2'6",