Honcho, an insurance tech company, recently launched their own 'reverse auction' mobile app after three years developing it.
The app allows insurers and brokers to bid to provide consumers with car insurance, encouraging them to offer the most competitive premium in order to win business.
Providers whose products are covered by Honcho at launch include Axa, Ageas, Aviva, ERS, LV, Covéa, Markerstudy and Sabre.
In addition, Honcho counts Marmalade, Flux Direct, and Brightside as some of its participating brokers and MGAs.
Tom Spence, chief product officer at Honcho, discussed the launch: “The moment that we’ve been working towards for a very long time is finally here as we make Honcho available to drivers across the UK.
“It’s massive not only for us, but for consumers across the country who for far too long have been treated less-than-favourably by certain digital aggregators who claim to operate in their interests.”
The Honcho app is now available to download on iOS and Android systems. The service is also available via Honcho’s website.
Read more here
Join us November 12-15 for the Property Portal Watch Conference Madrid 2019.