Announcement
Ondo InsurTech Plc Contract Win
RNS Number : 7577G
Ondo InsurTech PLC
10 November 2025
10 November 2025
Ondo InsurTech Plc
("Ondo" or "the Company")
Westfield Insurance to Deploy LeakBot in the United States
Ondo Insurtech (LSE: ONDO),a leading company in claims prevention technology for home insurers, is pleased to confirm thatWestfield Insurance ("Westfield")has signed a contract with LeakBot USA Inc.
Westfield will begin by deploying 10,000 LeakBot devices and connected services for homeowners' insurance customers in Ohio, Indiana, and Pennsylvania, states in which Ondo has existing client coverage. Consistent with other commercial contracts, the agreement involves upfront payments ahead of anticipated shipments.
This initiative reflects Westfield's continued investment in proactive claims prevention, leveraging innovative technology to help customers detect and address water leaks early, reduce loss costs, and enhance the overall customer experience.
Craig Foster, Ondo CEO, says: "We are pleased to partner with Westfield and look forward to providing them with the same compelling results we are delivering to all our insurance company partners worldwide."
Enquiries
For further information, please visitwww.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 Charlie Hall Amber Higgs |
+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 25 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, visitwww.ondoplc.com
About Westfield Insurance
Founded in 1848, Westfield is a leading U.S.-based property and casualty insurer. The company underwrites commercial, personal, surety, and specialty lines of coverage through a network of independent agents and brokers. With the acquisition of Lloyd's of London Syndicate 1200, in February 2023 Westfield has expanded its reach as a global insurance franchise.
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