Sign In
Last checked at 
13 Apr 2026 07:00
13 April 2026
Ondo InsurTech Plc
("Ondo" or "the Company")
Alm. Brand Group Extends LeakBot Programme
Alm. Brand Group offers LeakBot to 160,000 homeowners to prevent water damage
Ondo InsurTech Plc (LSE: ONDO), a leading provider of claims‑prevention technology for home insurers, is pleased to announce that Alm. Brand Group has extended its LeakBot programme, offering the device to up to 160,000 homeowners across its customer base as part of its commitment to preventing water damage claims.
This announcement follows the rollout confirmed in February 2026, in which Alm. Brand Group committed to distributing a minimum of 15,000 LeakBot devices over 18 months.
Alm. Brand Group has now indicated that it intends to deploy LeakBot at a greater scale, offering the device to up to 160,000 homeowners across its brands, including Alm. Brand, Codan, and Privatsikring.
Craig Foster, CEO of Ondo InsurTech Plc, says: "This is a landmark development in our relationship with Alm. Brand Group and a powerful statement of intent. Extending LeakBot access to 160,000 homeowners is exactly the kind of scale-up that demonstrates the compelling value our technology delivers to both insurers and their customers. Denmark continues to be a strategically important and high-performing market for LeakBot, and we look forward to helping Alm. Brand Group prevent water damage at scale."
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
|
Singer Capital Markets
| Charles Leigh-Pemberton Jen Boorer James Todd Anastassiya Eley
| +44 (0) 20 7496 3000 www.singercm.com
|
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 26 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, visit www.ondoplc.com
Follow the stocks
