REG - Ondo InsurTech PLC - Liberty Mutual Insurance to Pilot LeakBot in US

Ondo InsurTechAnnouncement

13/02/2025 07:00

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RNS Number : 9222W  Ondo InsurTech PLC  13 February 2025

 

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 6(th) 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 (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, 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 (http://www.ondoplc.com/)

 

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