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Ondo InsurTech PLC, via LeakBot USA Inc., signed a contract with Liberty Mutual Insurance. Liberty Mutual Insurance, described as the 6th largest personal lines P&C insurer in the US, will pilot the LeakBot device and service for homeowners' insurance customers in four US states. The agreement involves upfront payments.
| Date | 13 Feb 2025 |
| Time | 07:00:04 |
| Category | Corporate updates |
| ID | 9222W |
13 February 2025
Ondo InsurTech Plc
("Ondo" or the "Company")
Liberty Mutual Insurance to Pilot LeakBot in the United States
Ondo Insurtech PLC (LSE: ONDO), a leading company in claims prevention technology for home insurers, is pleased to confirm that Liberty Mutual Insurance, the 6th largest personal lines P&C insurer in the US, has signed a contract with LeakBot USA Inc. to pilot the LeakBot device and service to homeowners' insurance customers in four US states.
Consistent with the Company's other commercial contracts, the agreement involves upfront payments ahead of anticipated shipments.
Enquiries
For further information, please visit www.ondoplc.com or contact the following:
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Ondo InsurTech Plc |
Craig Foster, CEO Kevin Withington, CFO |
+44 (0) 800 783 9866 |
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Dowgate Capital Ltd (Broker & Financial Advisor) |
Russell Cook Nick Chambers Charlie Hall |
+44 (0) 20 3903 7715
|
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Cassiopeia Services Ltd (PR & Investor Relations) |
Stefania Barbaglio |
+44 (0) 7949 690338
|
About Ondo InsurTech PLC
Ondo is a world-leading provider of claims prevention technology for home insurers. Ondo's focus is on the global scale-up of LeakBot, technology that prevents water damage claims in homes. Water damage is the single biggest cause of home insurance claims, accounting for $17 billion annually in the USA and UK combined. LeakBot is a patented, self-install solution that connects to a home's wireless network and alerts the homeowner via the LeakBot mobile app if a leak is detected, offering access to a team of expert engineers to locate and fix the issue.
Ondo partners with 23 insurance carriers, including Nationwide, Admiral, Direct Line Group, Hiscox, Länsförsäkringar, and TopDanmark, across Europe and the USA.
Ondo holds the London Stock Exchange Green Economy Mark, awarded to companies deriving the majority of their income from green activities.
For more information, visit www.ondoplc.com