Ondo and WNS (Holdings) Ltd sign go-to-market channel partnership to accelerate LeakBot deployment in North America and worldwide
Ondo InsurTech Plc (“Ondo”), the London-listed leader in claims prevention technology for home insurers, is pleased to announce a new go-to-market partnership with WNS (Holdings) Ltd (“WNS”), a world-leading business process management (BPM) company quoted on the New York Stock Exchange (NYSE: WNS).
WNS are a market leader in BPM for insurance companies, running the claims operations for numerous household-name insurers in Europe and the United States, and have a market capitalisation of over $4BN.
For #Ondo this is their Newcrest moment…. Huge partnership with NYSE listed insurance services giant https://t.co/ZkHCucgtRB
— Gervaise Heddle (@gervaiseheddle) April 20, 2023
WNS is partnering with Ondo to predict and prevent water damage claims in homes for their insurance partners, and in a first-of-its-kind for the Property and Casualty (“P&C”) insurance industry WNS will offer a Loss Reduction Guarantee.
Ondo will provide the technology and repair services, and WNS will manage claims, customer operations and transformation services, as well as offer the guaranteed indemnity saving.
The partnership represents a significant milestone for Ondo; WNS are working with some of the largest insurers in the world and Ondo’s innovative ‘escape of water’ claims mitigation technology has the potential to bring material financial benefit to WNS’s household insurance clients globally.
Ashi Bagdadi, Corporate SVP Insurance at WNS, says : “At WNS we aim to add more and more value to our insurance clients by bringing data, technology, best in class processes and best-of-breed insurtechs together in every use-case. We work with carriers globally to handle millions of dollars of water damage claims every year so we understand this risk intimately, which puts us in a unique position to deploy LeakBot at scale and guarantee the return-on-investment for our insurance customers”.
Craig Foster, CEO of Ondo InsurTech Plc, says: “This is a game-changer proposition within the home insurance industry which can considerably accelerate our business scaling. With the WNS loss reduction guarantee, insurers are incentivised to move straight to large scale rollouts to deliver a guaranteed improvement on their loss ratio. We look forward, in future, to being able to announce the fruits of the partnership.”
Enquiries
For further information, please visit www.ondoplc.com or contact the following:
Ondo InsurTech Plc
Craig Foster, CEO
+44 (0) 800 783 9866
