{"id":114046,"title":"Ondo InsurTech PLC (LON:ONDO) Nationwide and LeakBot Deployment Update","publisher":"Share Talk","author":"sharetalk","published":"2024-04-29T07:03:28+00:00","modified":"2024-04-29T07:03:28+00:00","canonical_url":"https://www.share-talk.com/ondo-insurtech-plc-lonondo-nationwide-and-leakbot-deployment-update/","markdown_url":"https://www.share-talk.com/ondo-insurtech-plc-lonondo-nationwide-and-leakbot-deployment-update.md","json_url":"https://www.share-talk.com/ondo-insurtech-plc-lonondo-nationwide-and-leakbot-deployment-update.json","category":"B2B","categories":["B2B","Blogs","Business & Support Services","Technology","Technology, Media & Telecoms"],"tags":["Ashi Bagdadi","Craig Foster","Efficiency","escape of water","Europe","household","Insurance","IoT","LeakBot","Loss Reduction Guarantee","new jersey","New York","New York Stock Exchange","North America","Ohio","Ondo","Ondo InsurTech","return-on-investment","UK","United States","Washington","water"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2024/04/Image-2024-04-29-at-7.45.48-AM.webp?fit=1158%2C662&quality=80&ssl=1","format":"news","language":"en-GB","content":"**Nationwide and LeakBot Deployment Update**\n\n**Ondo Insurtech Plc (LSE: ONDO),** a leading company in water leak claims prevention technology for home insurers, is pleased to provide the following update with regards to the Nationwide partnership.\n\nOn 14 November 2023 Ondo announced a new partnership with Fortune 100 insurance and financial services company Nationwide to offer the LeakBot device to U.S. homeowners insurance customers as part of the insurer’s Smart Home Program.\n\nhttps://twitter.com/foster_ideas/status/1784837822991479212\n\nThe first deliveries of devices have started in Cincinnati, Ohio and St. Louis, Missouri. Nationwide “auto-shipped” LeakBots (meaning sending devices directly to customers, unsolicited). Despite the distribution being unsolicited the installation rate is over 70%, significantly ahead of expectations. \n\nNationwide expects to deploy the remainder of the first 6,000-unit order in the next few weeks, primarily in Ohio.  Ondo and Nationwide are now considering which states to expand into next in the coming months of 2024.\n\n**Sarah Jacobs, Vice President of Personal Lines Product Development at Nationwide said:** “We have been pleased with the install rates in Ohio, and we are exploring which states we can expand to next. The team at Ondo have been a great partner so far.  At Nationwide we really believe our Smart Home Program will be a key differentiator in homeowners insurance and LeakBot fits perfectly with our strategy”.\n\n**Craig Foster, CEO said****:** “We are thrilled that the first Nationwide deployments have gone well, and we are now in homes repairing leaks and preventing claims.  Nationwide is a key partnership for us in the United States and we are excited to keep exceeding expectations.”\n\nEnquiries\n\nFor further information, please visit [www.ondoplc.com](http://www.ondoplc.com/)  or contact the following: \n\n|   |   |   |\n| --- | --- | --- |\n| Ondo InsurTech Plc | Craig Foster, CEO Kevin Withington, CFO | +44 (0) 800 783 9866 |"}