04
March 2025
Ondo InsurTech
Plc
("Ondo" or
"the Company")
Mutual of Enumclaw Insurance
to Expand LeakBot Program
Ondo Insurtech (LSE: ONDO),
a leading company in claims prevention technology
for home insurers, is pleased to confirm
that Mutual of Enumclaw Insurance is expanding their LeakBot
program to policyholders in Eastern Washington and Oregon beginning
in Q1 2025. The expansion follows a successful one-year pilot
project that delighted Mutual of Enumclaw policyholders and
provided a compelling ROI.
Craig Foster, Ondo CEO, says:
"Mutual of Enumclaw has been a great partner. We look forward
to continuing to provide compelling results as we transition from a
pilot project to a programmatic roll out of the LeakBot solution to
as many Mutual of Enumclaw policyholders as possible."
Jeff Obermeyer, Mutual of Enumclaw, Director of Strategic
Initiatives, says: "LeakBot has been
a boon for our Mutual of Enumclaw members and agents. Easy to
install and monitor, LeakBot allows our members to quickly identify
and repair leaks before they cause damage, and if the homeowner
can't find the source, they can have a LeakBot plumber come out to
their home and do a full inspection without needing to file a
claim. And I know this from first-hand experience - the
LeakBot installed in my own home alerted me to a leaking angle stop
and saved me from a ruined bathroom floor, and possibly
worse. It's great peace of mind."
Enquiries
For further information, please
visit www.ondoplc.com
or contact the following:
|
Ondo InsurTech Plc
|
Craig Foster, CEO
Kevin Withington, CFO
|
+44 (0) 800 783 9866
|
|
Dowgate Capital Ltd
(Broker & Financial
Advisor)
|
Russell Cook
Nick Chambers
Charlie Hall
|
+44 (0) 20 3903 7715
|
|
Cassiopeia Services Ltd
(PR & Investor
Relations)
|
Stefania Barbaglio
|
+44 (0) 7949 690338
|
About Ondo InsurTech PLC
Ondo is a world leading provider of
claims prevention technology for home insurers. Ondo's focus
is on the global scale-up of LeakBot - claims prevention technology
that prevents water damage claims in houses. 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. Independent research by
Consumer Intelligence found LeakBot can reduce the cost of water
damage claims by [up to] 70%.
LeakBot partners with 23 insurance
carriers - including Nationwide, Admiral, Direct Line Group,
Hiscox, Länsförsäkringar and TopDanmark - both in Europe and the
USA.
Ondo holds the coveted London Stock
Exchange Green Economy Mark awarded to companies who derive the
majority of their income from Green activities.
For more information, visit
www.ondoplc.com
About Mutual of Enumclaw
Mutual of Enumclaw is a trusted
insurance provider dedicated to safeguarding individuals, families,
and businesses. With a rich history dating back to 1898, Mutual of
Enumclaw exclusively with local independent agents to offer a wide
range of reliable and personalized insurance products for
individuals, families, farms, and businesses. Mutual of Enumclaw
currently operate in Washington, Oregon, Idaho, Utah, Arizona,
Montana, and Wyoming.
For more information, visit
www.mutualofenumclaw.com
