RCS - Ondo InsurTech PLC - Ondo achieve ISO27001:2022 certification

Ondo InsurTechAnnouncement

20/05/2024 08:30

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RNS Number : 9774O  Ondo InsurTech PLC  20 May 2024

20 May 2024

 

Ondo InsurTech Plc

("Ondo" or the "Company")

 

Ondo Insurtech achieve ISO27001:2022 certification.

 

Ondo Insurtech Plc (LSE: ONDO), a leading company in claims prevention
technology for home insurers, is pleased to announce the Company has been
awarded the ISO/IEC 27001:2022 (ISO 27001) certification.

 

ISO 27001 is a global security standard that determines the requirements for
establishing, implementing, maintaining, and continually improving an
Information Security Management System (ISMS). In response to the strict
criteria necessary to become an approved supplier to Nationwide, a major
Fortune 100 financial services company in the United States, Ondo fast-tracked
 a project at the end of 2023 to achieve this certification.

 

The Company believes that achieving ISO 27001 will be of benefit in
demonstrating to prospective new partners that Ondo is able to meet the most
rigorous standards required in serving this highly regulated market, both in
the US and internationally.

 

The subsequent successful external audit by a UKAS accredited certification
body, demonstrated Ondo's systematic and ongoing approach to managing and
mitigating the risks associated with its information assets across the whole
organisation. These assets include (but are not limited to) the sensitive
company and customer information the organisation holds and processes. As a
result, Ondo is now recognised as fully compliant with this global security
standard.

 

The scope of Ondo's ISMS includes the assets, technologies, and processes
employed by Ondo for processing, management, and delivery of LeakBot services
to its customers worldwide.

 

Craig Foster, Ondo CEO, says: "All of our Insurance partners have very
rigorous requirements with regards to information security. The 3(rd) party
confirmation of the ISO 27001 Certification is another step in Ondo's growth
story and demonstrates to new and existing partners that we are ready to deal
with the very largest insurers in the world such as Nationwide".

 

 

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 InsurTech Plc 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 70%.

 

LeakBot partners with 16 insurance carriers - including Nationwide, Admiral,
Direct Line Group, Hiscox, Länsförsäkringar and TopDanmark - both in Europe
and the USA.

 

In March 2022 LeakBot became the first InsurTech to IPO in London, as Ondo
InsurTech Plc and 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/)

 

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