Ondo InsurTech PLC (LSE:ONDO) CEO Craig Foster speaks to Proactive's Stephen Gunniuon about the company's strong full-year 2024 growth and future strategies.
Foster highlighted the key achievements in the year to 31 March, including revenue growth of 29% and recurring revenue up by 41%.
The leader in claims prevention technology for the home insurance industry announced that its LeakBot water damage prevention system is now deployed in 111,000 homes and is used by 18 insurers worldwide. Foster emphasised that Ondo met all targets and delivered growth in line with broker forecasts.
Foster said Ondo's solutions have already shown significant returns on investment and high customer satisfaction in the US.
He also discussed the company's strategy for 2025, which includes focusing on core markets in Scandinavia, the UK, and the US, and maintaining a consistent delivery model.