Ondo InsurTech PLC (LSE:ONDO), the specialist in water damage claims prevention technology, said it has inked a deal with Selective Insurance, the US property and casualty group, which will offer its LeakBot, a self-install leak detection unit, to policyholders.
No financial details were given.
Ondo CEO Craig Foster said: "We are pleased to add another well-known US insurer to our list of partners and we share the same ambitions and aspirations as Selective - to use technology to protect the homes of families and reduce the risk of property water damage."