News5 Apr 2024 10:40
Ondo InsurTech Plc ("Ondo"), the London-listed leader in claims prevention technology for home insurers, is pleased to announce today a new proof-of-concept pilot with Firemark Collective, the innovation and venturing arm of IAG, Australia's and New Zealand's largest general insurer.
Firemark Collective selected LeakBot as their chosen solution to help prevent water damage claims. Plumbing in Australia is different to the UK, in that the supply pipe and stop tap are external to the property. Under this fully funded deal, the testing and development of an outside "All Weather" version of the LeakBot product will be trialled over the next 12 months. All IP created as part of the development will be owned by Ondo.
An update on this project is due