Company
Ondo InsurTech PLC
LON:ONDO
Ondo InsurTech PLC is a leading provider of claims prevention technology for home insurers. The company's focus is on the global scale-up of LeakBot - an end-to-end internet of things solution which protects homes from the impact of water damage. 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.
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Ondo InsurTech partners with leading UK water efficiency not-for-profit
Ondo will work with Waterwise to promote the "wise" use of water in the UK
Ondo InsurTech trial proves leak alarm could aid Ofwat reduction targets
Ondo's LeakBot could save UK households millions of litres of water, the company said
Ondo InsurTech starts LeakBot roll out in Sweden after successful pilot
Results from the pilot showed a 40% penetration of addressable policyholders and a 50% increase in new home insurance sales
Ondo Insurtech reports jump in revenues, making 'good progress' towards breaking even
The company said £400,000 of the total revenue came from recurring business, representing 59% growth