Ondo InsurTech Plc (“Ondo”), the London-listed leader in claims prevention technology for home insurers, is pleased to announce that premium US insurer Mutual of Enumclaw has signed a contract to distribute Ondo’s LeakBot system to homeowner insurance customers in Washington State.
Having its origins in Washington State, Mutual of Enumclaw is a member-owned insurer operating in Washington, Oregon, Idaho, Utah, Arizona, Montana, and Wyoming in the US Pacific Northwest and has approximately 100,000 homeowner insurance customers, generating over $180 million in written premiums in 2022.
Mutual of Enumclaw will initially partner with Ondo to provide 10,000 devices to be installed in their customers’ homes in the state of Washington. These units are expected to be installed within the first 6 months, starting in August 2023.
Jerel Titus, Chief Member Experience Officer of Mutual of Enumclaw, said: “Member safety is at the center of who we are as an organization. Non-weather water events endanger our members’ health, their homes, and their wallets. The innovative leak detection and prevention technology, ease of use, and overall effectiveness of the LeakBot solution make it a perfect fit to protect our Mutual of Enumclaw members.”
Craig Foster, CEO of Ondo InsurTech Plc, said: “We are very pleased to announce this new agreement today which represents another important step on our path to build a strong presence in the United States. We look forward to working with Mutual of Enumclaw, a premium US insurer with a well established position in a number of states in the US Pacific Northwest, and we hope to further grow this relationship together over time.”
