Insurtech Ondo has signed an settlement with South West Water so it may possibly 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 aim is to cut back water wastage by alerting prospects and resolving as many leaks as doable, as rapidly as doable.
South West Water prospects will likely be provided a LeakBot and a free restore, with as many repairs as doable being accomplished inside the first few months.
David Harris, South West Water’s drought and resilience director, mentioned: “LeakBot has change into a recognised identify 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 all the time searching for revolutionary methods to have interaction with our prospects and cut 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 rapid 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 lowering leaks and water wastage inside a buyer’s residence. A roll out with South West Water will enable us to assist forestall pointless wastage via 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 householders policyholders.
London-based Onto is a pacesetter in water harm 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 harm claims, is a patented, self-install machine that connects to residence networks.
It alerts householders about leaks through a cellular app and affords entry to engineering help.
