New contract win for Ondo;
Ondo Insurtech (LSE: ONDO), a leading company in claims prevention technology for home insurers, is pleased to announce that it has signed a contract with a U.S. super regional personal lines insurer that manages over $2.0bn of personal lines home, motor and umbrella insurance policies.
The new insurance partner will start to deploy LeakBot to their customers based in New Jersey beginning in Q3 2024, offering the LeakBot sensor and repair service free of charge to their customers. This is the second insurer to launch LeakBot in New Jersey, and the fifth U.S. insurance company to adopt LeakBot within the last 12 months.
Craig Foster, Ondo CEO, says: “We are thrilled to partner another well-respected U.S. insurance brand and look forward to doing a great job for their homeowners starting in New Jersey where we are already fully operational.”
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