Ondo InsurTech PLC (LSE:ONDO), the claims prevention technology specialist, has teamed up with WNS Holdings, a business process management group, to fast-track the deployment of LeakBot, a water damage mitigation technology, in North America and beyond.
Ondo will supply the technology and repair services, while WNS oversees claims, customer operations and transformation services.
Furthermore, WNS will guarantee indemnity savings for their insurance partners. This collaboration marks a significant milestone for Ondo, as it brings the potential for significant financial benefits to WNS's global household insurance clients.
Ondo CEO Craig Foster said: "This is a game-changer proposition within the home insurance industry which can considerably accelerate our business scaling.
"With the WNS loss reduction guarantee, insurers are incentivised to move straight to large-scale rollouts to deliver a guaranteed improvement on their loss ratio. We look forward, in future, to being able to announce the fruits of the partnership."