UK based Honcho has become the first reverse auction marketplace to become a member of the British Insurance Agents ' Association . Online reverse auction marketplace for financial services 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 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 .