UK based Honcho has become the first reverse auction marketplace to become a member of the British Insurance Agents ' Association . The company was launched with a view to disrupting the car insurance market by enabling consumers to bid for business from car dealers . Honcho plans to launch its app in early 2019 , and has plans to expand into the home , pet and car insurance sectors .
UK insurtech Honcho has become the first reverse auction marketplace to become a member of the British Insurance Brokers' Association. The company was launched with a view to disrupting the car insurance market by enabling insurers to bid for business from car owners. Honcho plans to launch its app in early 2019, and has ambitions to expand into the home, pet and travel insurance sectors.