Less Ads, More Data, More Tools Register for FREE

Pin to quick picksOndo Insurtech Regulatory News (ONDO)

Share Price Information for Ondo Insurtech (ONDO)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 13.00
Bid: 12.50
Ask: 13.50
Change: 0.00 (0.00%)
Spread: 1.00 (8.00%)
Open: 13.00
High: 13.00
Low: 13.00
Prev. Close: 13.00

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Ageas UK to trial LeakBot

6 Jun 2024 07:00

RNS Number : 3204R
Ondo InsurTech PLC
06 June 2024
 

6 June 2024

 

Ondo InsurTech Plc ("Ondo" or "the Company")

 

Ageas UK to trial LeakBot

 

Ondo Insurtech (LSE: ONDO), a leading company in claims prevention technology for home insurers, is pleased to announce an agreement with personal lines insurer Ageas UK to introduce LeakBot Limited (LeakBot) to their customers.

 

Activity is due to begin this month, when Ageas UK, in conjunction with Ondo, will offer LeakBot smart water leak detectors to Ageas employees and customers of the Ageas owned Rias brand. Under this 12-month trial, LeakBot detectors and repairs will be provided for free to these customers. Ageas will monitor the number of damage-causing leaks with the aim of minimising the impact on customers and simplifying their journey when they have cause for a claim.

 

Stephen Linklater, Ageas Claims Director said: "We're pleased to partner with LeakBot as another way of helping our customers to take prompt, effective action to protect their homes from unexpected events like burst pipes. Not only will early detection of a leak reduce the cost of a claim, but it will also minimise the devastating impact that a prolonged leak can have on a customer's home."

 

Craig Foster, Ondo CEO, says: "The activity with Ageas signifies another step into mass market insurance within the UK. With growing costs and increasing customer expectations, LeakBot offers the opportunity for insurers to introduce an innovative solution to prevent claims whilst also positively impacting customer experience. We look forward to working with Ageas on this activity and going forward."

 

 

​​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 Ageas  

 

Ageas is one of the largest personal lines insurers in the United Kingdom, protecting the needs of over four million customers. It offers car and home insurance through electronically traded brokers and intermediary partners and was named Personal Lines Insurer of the Year at the 2021, 2022 and 2023 British Insurance Awards, as well as the 2021 and 2023 Insurance Times Awards. The insurer has achieved the Institute of Customer Services coveted ServiceMark accreditation and been certified by the Top Employers Institute as a Top Employer for 2022, 2023 and 2024. Ageas (UK) Limited is a wholly owned subsidiary of Ageas SA/NV, which has been protecting customers for nearly 200 years and is listed on the Euronext Brussels and is included in the Bel20 index.

 

About Ondo InsurTech PLC

 

Ondo InsurTech Plc 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 70%.

LeakBot partners with 16 insurance carriers - including Nationwide, Admiral, Direct Line Group, Hiscox, Länsförsäkringar and TopDanmark - both in Europe and the USA.

In March 2022 LeakBot became the first InsurTech to IPO in London, as Ondo InsurTech Plc

(LSE:ONDO) and 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

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCSSLFUIELSEDM
12
Date   Source Headline
22nd Jul 202411:00 amRNSNotice of Results
19th Jul 20242:46 pmRNSHolding(s) in Company
24th Jun 20247:30 amRNSDirector/PDMR Shareholding
11th Jun 202412:09 pmRNSDirector/PDMR Shareholding
10th Jun 202410:47 amRNSTR-1 Gervaise Heddle
10th Jun 20247:00 amRNSFurther US development
6th Jun 20247:00 amRNSAgeas UK to trial LeakBot
3rd Jun 20242:00 pmRNSResult of General Meeting
30th May 20243:03 pmRNSResult of Open Offer
20th May 20248:30 amRNSOndo achieve ISO27001:2022 certification
14th May 202411:31 amRNSResult of Placing
13th May 20244:35 pmRNSProposed Placing and Open Offer
29th Apr 20247:00 amRNSNationwide and LeakBot Deployment Update
16th Apr 20247:00 amRNSTrading Update
28th Mar 20247:00 amRNSTotal Voting Rights
22nd Mar 20243:10 pmRNSExercise of Options
29th Feb 20247:00 amRNSTotal Voting Rights
26th Feb 20247:00 amRNSNew Agreement with South West Water
21st Feb 20247:00 amRNSContract announcement
6th Feb 202411:37 amRNSBlock Listing Update
29th Jan 20247:00 amRNSOndo Shortlisted for 2023 Breakthrough Award
3rd Jan 20247:00 amRNSDeal to Accelerate LeakBot Distribution in Denmark
29th Dec 20237:00 amRNSTotal Voting Rights and Shares in issue update
8th Dec 202312:09 pmRNSHolding(s) in Company
1st Dec 20238:46 amRNSReplacement-Proposed placing to raise up to £1.08m
30th Nov 20235:30 pmRNSResult of Equity Issue
30th Nov 20235:00 pmRNSProposed placing to raise up to £1.08 million
30th Nov 20234:30 pmRNSTotal Voting Rights
20th Nov 20237:00 amRNSInterim Results
14th Nov 20237:00 amRNSNationwide Partners with Ondo for LeakBot in U.S.
13th Nov 20237:00 amRNSNotice of Results
30th Oct 20237:00 amRNSAppointment of Dowgate Capital
29th Sep 20237:00 amRNSTotal Voting Rights
25th Sep 20235:53 pmRNSResult of AGM
22nd Sep 20237:00 amRNSWarrant, Options Exercise, Total Voting Rights
1st Sep 20239:56 amRNSTotal Voting Rights
15th Aug 20237:30 amRNSDirector/PDMR Shareholding
15th Aug 20237:00 amRNSWarrant / Options / Total Voting Rights Update
8th Aug 20237:17 amRNSNew Partnership with PURE Insurance
3rd Aug 20237:00 amRNSNotification of major holdings
2nd Aug 20231:56 pmRNSNotification of Major Holdings
1st Aug 20239:28 amRNSTotal Voting Rights and Shares in issue update
31st Jul 20231:53 pmRNSAnnual Financial Report and AGM Notice
17th Jul 20237:00 amRNSWaterwise makes Ondo an Affiliate Partner
11th Jul 20237:00 amRNSLoan Note restructuring to support rapid growth
10th Jul 20237:00 amRNSNew five-year contract
5th Jul 20231:47 pmRNSBlock listing Application
30th Jun 20237:00 amRNSAccounting Reference Period
29th Jun 20237:00 amRNSNew deal signed for Australia and New Zealand
14th Jun 20237:00 amRNSNew rapid pilot programme with G4S in Denmark
12

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.