Ondo InsurTech extends contract with insurer Hiscox
A representative of the insurer said the results from the partnership so far "have been excellent"
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 names Kevin Withington as CFO
Withington has over 25 years of insurance industry experience and is “well placed” to help Ondo through a period of growth, the company said
Ondo InsurTech launches leak-reducing pilot deal with water company
"This innovative new scheme has the potential to dramatically reduce leakage in customers' homes and save a significant amount of water at a time of extreme stress on the country's water resources," said Portsmouth Water's CEO
Ondo InsurTech awarded LSE's Green Economy Mark
The mark is awarded to companies and funds that generate more than half of their revenues from “environmental solutions”
Ondo InsurTech to start LeakBot rollout in Denmark in September
Danish insurer LB Forsikring has committed to roll out at least 10,000 LeakBot devices to their 126,000-home insurance base in Denmark
Ondo InsurTech highlights rapid progress since March float
“We look forward to further demonstrating our progress and publishing our first consolidated results with interims to the end of August 2022"
CentralNic jumps after announcing it expects to hit upper end of guidance
A look at the major movers on the London market on Monday
Ondo InsurTech signs agreement with Admiral for LeakBot
New data from consumer intelligence found that insurers save 70% in water damage claims by introducing LeakBot
Ondo InsurTech says new research shows LeakBot reduces frequency and cost of claims
"We knew that LeakBot worked - now we know exactly how well it works,” said Ondo chief executive Craig Foster
Ondo InsurTech signs an agreement with New York insurer for LeakBot products
LeakBot device will be delivered and fitted with no additional charge to insured householders
Ondo InsurTech expecting a flood of sign-ups for LeakBot
Ondo’s plan is nothing less than to create the world’s leading provider of technology to enable home insurers to reduce claims.
Ondo InsurTech signs up third insurance customer in Denmark
LeakBot is Ondo’s system to detect water leaks in a property
Ondo Insurtech becomes first "insurtech" on the London Stock Exchange
The company raised gross proceeds of £3,427,501 through its listing