Ondo InsurTech Plc

ondo insurtech plc is on a mission to become the world’s leading provider of claims prevention technology for home insurers. ondo’s focus is on the global scale-up of leakbot – an end-to-end internet of things solution which protects homes from the impact of water damage. 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. recent independent research by consumer intelligence found leakbot can reduce the cost of water damage claims by 70%. leakbot partners with 11 insurance carriers - including admiral, direct line group, hiscox, mapfre and topdanmark - across 5 different countries, in europe and the usa. in march 2022 leakbot became the first i