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Insurtech Ondo has signed an settlement with South West Water so it may utilise LeakBot to cut 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 elements of Dorset and Somerset.
Moreover, South West Water will use Ondo and LeakBot to an preliminary 6.000 prospects by the top of March 2024. The purpose is to cut back water wastage by alerting prospects and resolving as many leaks as potential, as rapidly as potential.
South West Water prospects will probably be supplied a LeakBot and a free restore, with as many repairs as potential being accomplished inside the first few months.
David Harris, South West Water’s drought and resilience director, stated: “LeakBot has turn out to be a recognised identify in leak detection and prevention within the water trade and we’ve been impressed by the outcomes and suggestions seen to this point. We’re at all times searching for modern methods to interact with our prospects and cut back water wastage. We’re excited to see the influence LeakBot could have on excessive utilization areas and past.”
Craig Foster, Ondo CEO, added: “The instant 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 influence we are able to have on lowering 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 look ahead to 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 frontrunner 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 gadget that connects to house networks.
It alerts owners about leaks by way of a cell app and affords entry to engineering assist.
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