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IN BRIEF: Ondo InsurTech inks Leakbot deal with Selective Agreement

Wed, 21st Feb 2024 11:43

Ondo InsurTech PLC - London-based claims prevention technology firm - Signs agreement with Selective Agreement Group for the use of Leakbot. LeakBot is a self-install claims prevention technology which connects to the wireless network of a home, alerting customers if it detects a leak.

Ondo Chief Executive Officer Craig Foster said: "We are pleased to add another well-known US insurer to our list of partners and we share the same ambitions and aspirations as Selective - to use technology to protect the homes of families and reduce the risk of property water damage."

Current stock price: 26.72 pence, up 2.8%

12-month change: tripled from 8.00 pence

By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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