Ondo InsurTech PLC (LSE:ONDO) iattending a European insurance trade show on Wednesday called the ITC DIA Europe Show in Amsterdam.
It is presenting with one of its customers Länsförsäkringar (LF), which is Sweden's largest non-life insurance company.
As part of its presentation, the company said it will confirm a 40% reduction in gross water damage claims costs, for LF in the Sörmland region of Sweden.
Sörmland was the first to receive LeakBot, and, forty per cent of the customer base in this region adopted LeakBot.
"We met LF at this very conference five years ago when we revealed LeakBot as a revolutionary new idea to reduce water-damage claims,” Ondo chief executive Craig Foster said in a statement.
“Five years on and we return today with LF for another industry first - revealing the successful bottom-line commercial impact from this type of claims reduction system for a leading insurance company."