{"id":7068,"date":"2019-12-23T13:18:44","date_gmt":"2019-12-23T13:18:44","guid":{"rendered":"https:\/\/cfi.co\/awards\/?p=7068"},"modified":"2019-12-23T22:34:33","modified_gmt":"2019-12-23T22:34:33","slug":"honcho-markets-most-innovative-b2c-insurance-pricing-global-2019","status":"publish","type":"post","link":"https:\/\/cfi.co\/awards\/professional-services\/2019\/honcho-markets-most-innovative-b2c-insurance-pricing-global-2019\/","title":{"rendered":"Honcho Markets: Most Innovative B2C Insurance Pricing Global 2019"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-7069\" src=\"https:\/\/cfi.co\/awards\/wp-content\/uploads\/2019\/12\/honcho-logo.jpg\" alt=\"honcho-logo\" width=\"500\" height=\"105\" srcset=\"https:\/\/cfi.co\/awards\/wp-content\/uploads\/2019\/12\/honcho-logo.jpg 500w, https:\/\/cfi.co\/awards\/wp-content\/uploads\/2019\/12\/honcho-logo-300x63.jpg 300w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/p>\n<div id=\"attachment_7071\" style=\"width: 210px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-7071\" class=\"size-medium wp-image-7071\" src=\"https:\/\/cfi.co\/awards\/wp-content\/uploads\/2019\/12\/Gavin-Sewell-Honcho-200x300.jpg\" alt=\"CEO Honcho Gavin Sewell\" width=\"200\" height=\"300\" srcset=\"https:\/\/cfi.co\/awards\/wp-content\/uploads\/2019\/12\/Gavin-Sewell-Honcho-200x300.jpg 200w, https:\/\/cfi.co\/awards\/wp-content\/uploads\/2019\/12\/Gavin-Sewell-Honcho.jpg 500w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/><p id=\"caption-attachment-7071\" class=\"wp-caption-text\"><strong>CEO:<\/strong> Gavin Sewell<\/p><\/div>\n<p style=\"text-align: justify;\">Insurance industry disrupter, honcho, has flipped the market by creating a real-time live auction where insurance providers compete for consumers\u2019 business. The company is an FCA-regulated software solutions business that brings together the UK\u2019s top insurance providers in a digital reverse-auction platform for prospective policy holders. With honcho\u2019s mobile and desktop application, UK drivers upload their licence and make their policy wish list. Insurers then fight it out in a 30-second auction to pitch the best deal. Consumers are guided to the most suitable fit, whether by bottom-line budget or the app\u2019s \u201chonchometer\u201d score, which shows how closely each bid matches the specified policy parameters. Since its August 2019 launch, the company has focused mainly on the young driver market and signed up more than 10,000 people to the app. As the company continues to on-board providers, it is gaining traction across all age brackets in the car insurance market. Honcho Markets exceeded its funding targets by nearly $265,000 in 2018, ultimately raising over $1m and closing the round early. In 2019, it received further funding from Maven Capital Partners, totalling more than $990,000. As 2020 unfolds, the company expects to expand services across a range of other insurance products and markets. honcho\u2019s reverse-auction marketplace encourages transparency and healthy competition \u2014 and invites consumers to \u201cplay hard to get\u201d. The CFI.co judging panel agrees that fair competition promotes cost-efficient consumerism as well as better customer care. The judges declare Honcho Markets as the 2019 Most Innovative B2C Insurance Pricing (Global) award winner.<\/p>\n\n\t\t<style type=\"text\/css\">\n\t\t\t#gallery-1 {\n\t\t\t\tmargin: auto;\n\t\t\t}\n\t\t\t#gallery-1 .gallery-item {\n\t\t\t\tfloat: left;\n\t\t\t\tmargin-top: 10px;\n\t\t\t\ttext-align: center;\n\t\t\t\twidth: 25%;\n\t\t\t}\n\t\t\t#gallery-1 img {\n\t\t\t\tborder: 2px solid #cfcfcf;\n\t\t\t}\n\t\t\t#gallery-1 .gallery-caption {\n\t\t\t\tmargin-left: 0;\n\t\t\t}\n\t\t\t\/* see gallery_shortcode() in wp-includes\/media.php *\/\n\t\t<\/style>\n\t\t<div id='gallery-1' class='gallery galleryid-7068 gallery-columns-4 gallery-size-thumbnail'><dl class='gallery-item'>\n\t\t\t<dt class='gallery-icon portrait'>\n\t\t\t\t<a href='https:\/\/cfi.co\/awards\/professional-services\/2019\/honcho-markets-most-innovative-b2c-insurance-pricing-global-2019\/attachment\/honcho-1\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/cfi.co\/awards\/wp-content\/uploads\/2019\/12\/honcho-1-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"honcho\" \/><\/a>\n\t\t\t<\/dt><\/dl><dl class='gallery-item'>\n\t\t\t<dt class='gallery-icon portrait'>\n\t\t\t\t<a href='https:\/\/cfi.co\/awards\/professional-services\/2019\/honcho-markets-most-innovative-b2c-insurance-pricing-global-2019\/attachment\/honcho-2\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/cfi.co\/awards\/wp-content\/uploads\/2019\/12\/honcho-2-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"honcho\" \/><\/a>\n\t\t\t<\/dt><\/dl><dl class='gallery-item'>\n\t\t\t<dt class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/cfi.co\/awards\/professional-services\/2019\/honcho-markets-most-innovative-b2c-insurance-pricing-global-2019\/attachment\/honcho-3\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/cfi.co\/awards\/wp-content\/uploads\/2019\/12\/honcho-3-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"honcho\" \/><\/a>\n\t\t\t<\/dt><\/dl><dl class='gallery-item'>\n\t\t\t<dt class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/cfi.co\/awards\/professional-services\/2019\/honcho-markets-most-innovative-b2c-insurance-pricing-global-2019\/attachment\/honcho-4\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/cfi.co\/awards\/wp-content\/uploads\/2019\/12\/honcho-4-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" \/><\/a>\n\t\t\t<\/dt><\/dl><br style=\"clear: both\" \/>\n\t\t<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>Insurance industry disrupter, honcho, has flipped the market by creating a real-time live auction where insurance providers compete for consumers\u2019 business. The company is an FCA-regulated software solutions business that<\/p>\n","protected":false},"author":1,"featured_media":7070,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[53,15],"tags":[105,104,56],"class_list":["post-7068","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-front","category-professional-services","tag-b2c","tag-innovation","tag-insurance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.6 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Honcho Markets: Most Innovative B2C Insurance Pricing Global 2019 - CFI.co<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cfi.co\/awards\/professional-services\/2019\/honcho-markets-most-innovative-b2c-insurance-pricing-global-2019\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Honcho Markets: Most Innovative B2C Insurance Pricing Global 2019\" \/>\n<meta property=\"og:description\" content=\"Insurance industry disrupter, honcho, has flipped the market by creating a real-time live auction where insurance providers compete for consumers\u2019 business. The company is an FCA-regulated software solutions business that\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cfi.co\/awards\/professional-services\/2019\/honcho-markets-most-innovative-b2c-insurance-pricing-global-2019\/\" \/>\n<meta property=\"og:site_name\" content=\"CFI.co\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CapitalFinanceInternational\/\" \/>\n<meta property=\"article:published_time\" content=\"2019-12-23T13:18:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-12-23T22:34:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cfi.co\/awards\/wp-content\/uploads\/2019\/12\/honcho-logo-thumb.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"349\" \/>\n\t<meta property=\"og:image:height\" content=\"218\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"marten\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@CFIMagazine\" \/>\n<meta name=\"twitter:site\" content=\"@CFIMagazine\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"marten\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/cfi.co\/awards\/professional-services\/2019\/honcho-markets-most-innovative-b2c-insurance-pricing-global-2019\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cfi.co\/awards\/professional-services\/2019\/honcho-markets-most-innovative-b2c-insurance-pricing-global-2019\/\"},\"author\":{\"name\":\"marten\",\"@id\":\"https:\/\/cfi.co\/awards\/#\/schema\/person\/e3ad9b01223c3a8168d49fc9b884a909\"},\"headline\":\"Honcho Markets: Most Innovative B2C Insurance Pricing Global 2019\",\"datePublished\":\"2019-12-23T13:18:44+00:00\",\"dateModified\":\"2019-12-23T22:34:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cfi.co\/awards\/professional-services\/2019\/honcho-markets-most-innovative-b2c-insurance-pricing-global-2019\/\"},\"wordCount\":271,\"image\":{\"@id\":\"https:\/\/cfi.co\/awards\/professional-services\/2019\/honcho-markets-most-innovative-b2c-insurance-pricing-global-2019\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cfi.co\/awards\/wp-content\/uploads\/2019\/12\/honcho-logo-thumb.jpg\",\"keywords\":[\"B2C\",\"Innovation\",\"insurance\"],\"articleSection\":[\"FRONT\",\"Professional Services\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cfi.co\/awards\/professional-services\/2019\/honcho-markets-most-innovative-b2c-insurance-pricing-global-2019\/\",\"url\":\"https:\/\/cfi.co\/awards\/professional-services\/2019\/honcho-markets-most-innovative-b2c-insurance-pricing-global-2019\/\",\"name\":\"Honcho Markets: Most Innovative B2C Insurance Pricing Global 2019 - 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