Insurtech Honcho has launched a reverse auction app enabling insurers and brokers to bid for the opportunity to provide customers with car insurance. The Aviva -based start-up, which provides products from SSP , Ageas , UK and LV , said it is initially targeting drivers aged between 17 and 24 who pay 149% more than the national average for their insurance. SSP secured a deal with software house SSP in February , giving more than 700 insurers and brokers access to its app.
Insurtech Honcho has launched a reverse auction app enabling insurers and brokers to bid for the opportunity to provide customers with car insurance. The UK-based start-up, which provides products from AXA, Ageas, Aviva and LV, said it is initially targeting drivers aged between 17 and 24 who pay 149% more than the national average for their insurance. Honcho secured a deal with software house SSP in February, giving more than 700 insurers and brokers access to its app.