10 June
2024
Ondo InsurTech Plc
("Ondo" or "the
Company")
Further US
development
Nationwide and Pure Underwriting launch LeakBot in Washington,
WA
Senior US
management appointment
Ondo Insurtech (LSE: ONDO),
a leading company in claims prevention technology
for home insurers, is pleased to announce further
expansion of its operations in the United States.
As anticipated by the recent capital raise and
following successful respective launches for Nationwide (in Ohio)
and Pure (in New York), both insurers are now expanding their
respective LeakBot programs into Washington state. Ondo has
an existing engineer support structure in Washington WA, where it
is already working with Mutual of Enumclaw.
The Company is also pleased to announce the
appointment of Wendi Leibovitz as Director of Customer Success
North America.
This key role was specifically highlighted in
Ondo's recent investment roadshow as critical support to the
existing U.S. sales team. Wendi joins Ondo from SimpliSafe
where she ran Embedded Partnerships for the smart home security
company. Wendi is a Licensed Property and
Casualty ("P&C") insurance agent and is well connected
in the U.S. P&C insurance industry. She has highly relevant
industry and technology experience, directly transferable into
Ondo's growth programme in the United States,
Mrs. Leibovitz started in her post on 3 June,
reporting to Jim Strickland, General Manager North
America.
Wendi
Leibovitz, Director of Customer Success North America
said: "I am really pleased to join the team at Ondo. I
know from first-hand experience that U.S. insurers are keen to find
tech-enabled solutions to tackle rising claims costs, but struggle
to find solutions that really deliver a scalable business case.
LeakBot stands out as an exciting and highly scalable solution for
home insurers across much of the US. I am excited to have the
opportunity to be part of this growth."
Craig Foster,
Ondo CEO, says: "The Customer Success role is a
key hire for Ondo, and we could not have found someone more ideally
suited than Wendi with her expertise, experience and
industry-specific knowledge.
I am also encouraged to see both Pure and
Nationwide expanding with us into a second state, supporting our
strategy to roll out each partnership on a carefully managed
state-by-state basis."
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 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 70%.
LeakBot partners with 17 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
