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RNS Number : 0724I  Ondo InsurTech PLC  19 November 2025

19 November 2025

 

Ondo InsurTech plc

("Ondo" or "the Company")

 

Contract Win

 

Indiana Farm Bureau Insurance rolls out LeakBot following successful pilot

 

 

Ondo InsurTech plc (LSE: ONDO), a leading provider of claims-prevention
technology for home insurers, is pleased to announce that Indiana Farm Bureau
Insurance ("IFB") is expanding its LeakBot programme.  The Company announced
in November 2024 that Peril Protect LLC had contracted to rollout the LeakBot
device through a pilot programme to 10,000 IFB homeowner insurance customers.
Having successfully completed the pilot programme IFB, through Peril Protect,
has now contracted to rollout a further 10,000 devices commencing before the
end of the year.

 

During the IFB pilot LeakBot achieved an Net Promoter Score of 81 and a CSAT
score of 4.9 / 5.0, while delivering significant claims savings and a positive
ROI for IFB.  Based on these results, IFB has now doubled its deployment to
20,000 devices - equivalent to approximately 15 % of its homeowners insurance
book in Indiana.

 

Craig Foster, Ondo CEO stated "The Indiana Farm Bureau team have done a
fantastic job bringing LeakBot to their customers and proving out the value of
claims prevention.  The combination of strong ROI and exceptional customer
feedback shows how LeakBot helps insurers predict and prevent costly water
damage, and we're delighted to see IFB expanding so more of their customers
can benefit."

 

Jeff McDonald, Senior Vice President of Property and Casualty at IFB said :
"I'm proud of the proactive approach we're taking with LeakBot to help protect
our clients' homes and minimize costly water damage.  The outstanding
results, including strong claims savings and exceptional customer
satisfaction, demonstrate the value this innovative program provides.
Expanding the deployment of LeakBot devices allows us to offer even greater
peace of mind to more Indiana homeowners."

 

 

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

                                    Amber Higgs
 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 26 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 Indiana Farm Bureau Insurance

 

Indiana Farm Bureau Insurance has served Hoosiers for more than 90
years. Organized in 1934 by Indiana Farm Bureau, Inc., the company has grown
to include insurance products for auto, life, home, business and
farm. Health plan benefits, banking and other financial services and
products are also available through its local offices and online at
www.infarmbureau.com (http://www.infarmbureau.com) . With a home office in
downtown Indianapolis and local offices in all 92 counties, Indiana Farm
Bureau Insurance serves Hoosiers with more than 400 agents and approximately
1,200 employees living and working throughout the state. The company is a
leader in auto and homeowners insurance and the largest writer of farm
insurance in the state.

 

 

About Peril Protect LLC

 

Peril Protect, IFB's home monitoring service, helps bridge the gap for
insurance carriers to embrace a technology-driven marketplace. Integrating new
technology with insurance offerings can be a daunting task, and insurance
carriers must adapt or be left behind by customers who demand more. Peril
Protect can seamlessly integrate with insurance carriers to design and
implement products and services that relate to or are provided in conjunction
with an insurance policy that are intended to educate about, assess, monitor,
control, or help prevent risk of loss to person or property. Peril Protect
specializes in administering telematics programs, which align with both
carrier and customer needs, as well as providing marketing and fulfilment
services necessary to ensure success.

 

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