REG - Ondo InsurTech PLC - Alm. Brand Group to roll out LeakBot

Ondo InsurTechAnnouncement

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RNS Number : 0771S  Ondo InsurTech PLC  09 February 2026

9 February 2026

 

Ondo InsurTech Plc ("Ondo" or "the Company")

 

Alm. Brand Group to roll out LeakBot following successful trial; commits to
distributing at least 15,000 devices in next 18 months

Ondo InsurTech Plc (LSE: ONDO), a leading provider of claims‑prevention
technology for home insurers, is pleased to announce that Alm. Brand Group
will roll out LeakBot across its customer base following the success of the
initial trial phase and has committed to ordering and distributing a minimum
of 15,000 LeakBot devices in the next 18 months.

The trial, launched in early 2025, focused on evaluating the impact of LeakBot
on claims prevention, customer satisfaction and customer loyalty. Results
verified expectations, leading Alm. Brand Group to expand deployment across
its brands, which include Alm. Brand, Codan, and Privatsikring.

This rollout builds on Ondo's growing presence in Denmark, where multiple
carriers are increasingly adopting LeakBot as part of their long term water
damage prevention strategies.

 

Craig Foster, Ondo CEO, says: "We are delighted that Alm. Brand Group is
moving from trial to full rollout. Denmark remains a strategically important
market for LeakBot, and this decision reinforces the strong performance
results we continue to see with our insurance partners in the region. We look
forward to working with Alm. Brand Group to deliver meaningful reductions in
water‑damage claims at scale."

 

 

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
 Singer Capital Markets          Charles Leigh-Pemberton   +44 (0) 20 7496 3000

 (Joint Broker)                  Asha Chotai               www.singercm.com

                                 James Todd

 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/)

 

 

 

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