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IN BRIEF: Ondo InsurTech offers LeakBot to NFU Mutual customers

3rd Sep 2024 18:45

Ondo InsurTech PLC - London-based claim prevention technology firm for home insurers - Signs contract to provide members of insurer National Farmers Union Mutual with its LeakBot water leak detection system. Says NFU will roll out 17,000 LeakBots to customers between October and January. Pending successful rollout, says further systems to be delivered across NFU's its member base, of which it has 900,000.

Chief Executive Officer Craig Foster says: "This agreement with NFU Mutual demonstrates the impact of LeakBot's reputation for delivering on our commitment to reduce escape of water claims and for providing a quality service for our customers. We look forward to working with NFU Mutual to help reduce their claims costs whilst improving customer experience and loyalty."

Current share price: 14.50 pence, closed up 3.6% in London on Tuesday

12-month change: down 49%

By Aidan Lane, Alliance News reporter

Comments and questions to [email protected]

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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