Insurtech Ondo has signed an settlement with South West Water so it will possibly utilise LeakBot to scale back water leaks within the South West of England.
South West Water present water and wastewater companies to 1.8 million prospects throughout Cornwall, the Isles of Scilly and components of Dorset and Somerset.
Moreover, South West Water will use Ondo and LeakBot to an preliminary 6.000 prospects by the tip of March 2024. The objective is to scale back water wastage by alerting prospects and resolving as many leaks as attainable, as rapidly as attainable.
South West Water prospects shall be provided a LeakBot and a free restore, with as many repairs as attainable being accomplished inside the first few months.
David Harris, South West Water’s drought and resilience director, mentioned: “LeakBot has develop into a recognised title in leak detection and prevention within the water business and we’ve been impressed by the outcomes and suggestions seen up to now. We’re at all times searching for revolutionary methods to have interaction with our prospects and scale back water wastage. We’re excited to see the impression LeakBot can have on excessive utilization areas and past.”
Craig Foster, Ondo CEO, added: “The quick roll out of LeakBots inside the South West is additional proof of the traction we’re seeing from water corporations who’re eager to see the impression we are able to have on decreasing leaks and water wastage inside a buyer’s house. A roll out with South West Water will permit us to assist stop pointless wastage by means of home leaks. We stay up for engaged on the deployment of the preliminary 6,000 LeakBots and any future exercise.”
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In 2024, Ondo signed an settlement with Selective Insurance coverage Group to supply LeakBot to its eligible owners policyholders.
London-based Onto is a pacesetter in water injury claims prevention know-how and can now work with the US-based property and casualty agency Selective.
In 2023, Ondo struck an alliance with LB Forsikring to additional the distribution of its LeakBot claims prevention know-how in Demark.
LeakBot, designed to avert water injury claims, is a patented, self-install machine that connects to house networks.
It alerts owners about leaks through a cell app and affords entry to engineering help.
