Craig Foster, CEO of Ondo InsurTech, discussing a significant contract win with NFU Mutual, a UK-based insurer. The contract involves deploying 17,000 LeakBot devices by January, targeting high-net-worth insurance customers. The flat pricing model, similar to that used in the U.S., is preferred for its predictability.
The deployment is considered substantial rather than a trial, with room for further expansion if successful. Ondo has a strong customer support system in the UK, ensuring smooth service delivery.
Craig Foster, Ondo CEO, says:
“This agreement with NFU Mutual demonstrates the impact of LeakBot’s reputation for delivering on our commitment to reduce escape of water claims and for providing a quality service for our customers. We look forward to working with NFU Mutual to help reduce their claims costs whilst improving customer experience and loyalty.”
The company was also invited to join the Insurance Internet of Things Observatory, a prominent think tank, which could help expand its influence in the U.S. market.
This participation and upcoming events like the ITC Las Vegas conference are seen as opportunities to gain momentum and credibility in the industry.
Craig expresses confidence in the company’s growth trajectory, both in the UK and the U.S., with several new partnerships and expansions planned.
