REG - Ondo InsurTech PLC - The Hanover to pilot LeakBot in the United States

Ondo InsurTechAnnouncement

11/04/2025 07:00

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RNS Number : 6009E  Ondo InsurTech PLC  11 April 2025

11 April 2025

 

Ondo InsurTech Plc

("Ondo" or the "Company")

 

The Hanover to pilot LeakBot in the United States

 

Ondo Insurtech (LSE: ONDO), a leading company in claims prevention technology
for home insurers, is pleased to announce that The Hanover Insurance Group,
Inc. ("The Hanover") has signed a pilot contract with LeakBot USA Inc.

 

The Hanover will pilot the LeakBot device and service to a limited number of
their homeowners' insurance customers in two US states. Consistent with other
commercial contracts, the agreement involves upfront payments ahead of
anticipated shipments.

 

Craig Foster, CEO of Ondo InsurTech, commented: "We are pleased to partner
with The Hanover on this pilot agreement and look forward to providing The
Hanover 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 Limited                           Russell Cook           +44 (0) 20 3903 7715
 (Broker & Financial Advisor)                      Amber Philipps

 Cassiopeia Services Limited                       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 24 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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