Biba denies 'secret' credit check investigation claims

The British Insurance Brokers' Association (Biba) has insisted it is "not concerned" about claims insurers are carrying out ‘secret' credit checks on drivers to increase premiums.

The Daily Mail's sister finance title This is Money reported that Biba is understood to have launched an investigation into how insurers are using these personal details to price premiums.

However, Graeme Trudgill, head of corporate affairs at Biba, denied this was the case and said the trade body was already aware that a number of large insurers run credit checks to calculate premiums.

He said Biba was in the process of "learning" about the checks in a bid to issue guidance for its broker