Ondo InsurTech Expands LeakBot Program with Mutual of Enumclaw
Why we think this is good
The RNS announcement indicates that Ondo's LeakBot product is being expanded to more customers of Mutual of Enumclaw Insurance, which is a positive development for the company. The announcement highlights the successful pilot program and the compelling ROI that LeakBot has provided to Mutual of Enumclaw's policyholders. This suggests that the LeakBot product is gaining traction and being well-received by customers, which is a positive sign for Ondo's business.
Key Points
- Mutual of Enumclaw Insurance to expand LeakBot program to more policyholders
- Follows successful one-year pilot project that provided compelling ROI
- LeakBot is Ondo's claims prevention technology for the home insurance industry
Summary
Ondo InsurTech (LSE: ONDO) has announced that Mutual of Enumclaw Insurance is expanding their LeakBot program to policyholders in Eastern Washington and Oregon beginning in Q1 2025. This follows a successful one-year pilot project that provided a compelling ROI for Mutual of Enumclaw. Ondo's LeakBot is a claims prevention technology that helps insurers mitigate the cost of water damage claims. The expansion is a positive development for Ondo as it demonstrates the demand and effectiveness of their product.