RCS - Ondo InsurTech PLC - Mutual of Enumclaw to Expand LeakBot Program

Ondo InsurTechAnnouncement

04/03/2025 07:15

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RNS Number : 1832Z  Ondo InsurTech PLC  04 March 2025

04 March 2025

 

Ondo InsurTech Plc

("Ondo" or "the Company")

 

Mutual of Enumclaw Insurance to Expand LeakBot Program

 

 

Ondo Insurtech (LSE: ONDO), a leading company in claims prevention technology
for home insurers, is pleased to confirm that Mutual of Enumclaw Insurance is
expanding their LeakBot program to policyholders in Eastern Washington and
Oregon beginning in Q1 2025.  The expansion follows a successful one-year
pilot project that delighted Mutual of Enumclaw policyholders and provided a
compelling ROI.

 

Craig Foster, Ondo CEO, says: "Mutual of Enumclaw has been a great partner.
We look forward to continuing to provide compelling results as we transition
from a pilot project to a programmatic roll out of the LeakBot solution to as
many Mutual of Enumclaw policyholders as possible."

 

Jeff Obermeyer, Mutual of Enumclaw, Director of Strategic Initiatives, says:
"LeakBot has been a boon for our Mutual of Enumclaw members and agents.  Easy
to install and monitor, LeakBot allows our members to quickly identify and
repair leaks before they cause damage, and if the homeowner can't find the
source, they can have a LeakBot plumber come out to their home and do a full
inspection without needing to file a claim.  And I know this from first-hand
experience - the LeakBot installed in my own home alerted me to a leaking
angle stop and saved me from a ruined bathroom floor, and possibly worse.
It's great peace of mind."

 

Enquiries

 

For further information, please visit (http://www.ondoplc.com) www.ondoplc.com
(http://www.ondoplc.com)   or contact the following:

 

 Ondo InsurTech Plc                 Craig Foster, CEO       +44 (0) 800 783 9866

                                    Kevin Withington, CFO
 Dowgate Capital Ltd                Russell Cook            +44 (0) 20 3903 7715

 (Broker & Financial Advisor)       Nick Chambers

                                    Charlie Hall
 Cassiopeia Services Ltd            Stefania Barbaglio      +44 (0) 7949 690338

 (PR & Investor Relations)

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 - claims
prevention technology that prevents water damage claims in houses. Water
damage is the single biggest cause of home insurance claims, accounting for
$17bn of claims every year in the USA and UK combined. LeakBot is a patented
self-install solution that connects to the home wireless network and, if it
detects a leak, notifies the customer via the LeakBot mobile app and provides
access to a team of expert LeakBot engineers to 'find and fix' the problem.
Independent research by Consumer Intelligence found LeakBot can reduce the
cost of water damage claims by [up to] 70%.

 

LeakBot partners with 23 insurance carriers - including Nationwide, Admiral,
Direct Line Group, Hiscox, Länsförsäkringar and TopDanmark - both in Europe
and the USA.

 

Ondo holds the coveted London Stock Exchange Green Economy Mark awarded to
companies who derive the majority of their income from Green activities.

 

For more information, visit www.ondoplc.com (http://www.ondoplc.com/)

 

About Mutual of Enumclaw

 

Mutual of Enumclaw is a trusted insurance provider dedicated to safeguarding
individuals, families, and businesses. With a rich history dating back to
1898, Mutual of Enumclaw exclusively with local independent agents to offer a
wide range of reliable and personalized insurance products for individuals,
families, farms, and businesses. Mutual of Enumclaw currently operate in
Washington, Oregon, Idaho, Utah, Arizona, Montana, and Wyoming.

 

For more information, visit www.mutualofenumclaw.com
(http://www.mutualofenumclaw.com)

 

 

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