REG - Ondo InsurTech PLC - Bear River Mutual to Pilot LeakBot in the US

Ondo InsurTechAnnouncement

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RNS Number : 8790M  Ondo InsurTech PLC  16 June 2025

June 16, 2025

 

Ondo InsurTech Plc

("Ondo" or "the Company")

 

Bear River Mutual Insurance Company to Pilot LeakBot in the United States

 

 

Ondo Insurtech (LSE: ONDO), a leading company in claims prevention technology
for home insurers, is pleased to confirm that Bear River Mutual Insurance
Company has signed a contract with LeakBot USA Inc, the Company's US
subsidiary.

 

Bear River Mutual Insurance Company ("Bear River Mutal") will pilot the
LeakBot device and service to 5,000 homeowners' insurance customers in Utah.
 Bear River Mutual was established on 1 July 1909 and holds the title of
Utah's oldest mutual property and casualty insurance company.  Bear River
Mutual currently has the 5(th) largest market share among Utah personal lines
insurers.

 

Ondo is already operating in the state of Utah for its existing customers.
The agreement with Bear River Mutual is consistent with the commercial
contracts agreed with our other US customers.

 

Craig Foster, Ondo CEO, says: "We are pleased to partner with Bear River
Mutual.  We look forward to providing Bear River Mutual with the same
compelling results we are delivering to all our insurance company partners
worldwide."

 

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)       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 25 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/)

 

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