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An update from Ondo InsurTech Plc ( (GB:ONDO) ) is now available.
Ondo InsurTech PLC has announced that Liberty Mutual Insurance, the sixth-largest personal lines P&C insurer in the US, will pilot Ondo’s LeakBot device and service in four US states. This agreement represents a strategic expansion for Ondo in the American market, as it continues to scale its innovative water damage prevention technology globally. The partnership with Liberty Mutual is significant for Ondo’s operations and industry positioning, potentially providing significant benefits for stakeholders through reduced water damage claims and enhanced customer service.
More about Ondo InsurTech Plc
Ondo InsurTech PLC is a leading provider of claims prevention technology for home insurers, focusing on the global scale-up of LeakBot, a device designed to prevent water damage claims in homes. Water damage is a major cause of home insurance claims, costing $17 billion annually in the USA and UK. LeakBot is a patented, self-install solution that alerts homeowners to leaks via a mobile app, offering access to expert engineers for repairs. Ondo partners with 23 insurance carriers across Europe and the USA and holds the London Stock Exchange Green Economy Mark.
YTD Price Performance: -5.00%
Average Trading Volume: 754,552
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £47.77M
See more data about ONDO stock on TipRanks’ Stock Analysis page.
