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Ondo InsurTech partners with South West Water to tackle UK water scarcity; inks new US LeakBot deal [Video]

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Climate Change News

Ondo InsurTech PLC (LSE:ONDO) CEO Craig Foster joins Proactive’s Stephen Gunnion with news the company has partnered with South West Water to deploy 6,000 LeakBots in a water-stressed region in the UK to reduce leaks, marking its third collaboration with a UK water company.

This initiative is part of a broader effort to address water scarcity in the UK, exacerbated by climate change and population growth. Foster highlighted that 8% of UK toilets leak, wasting significant amounts of water daily. Ondo InsurTech’s LeakBot solution allows homeowners to easily install a device that detects leaks, enabling timely repairs.

In the US, Ondo InsurTech is expanding its footprint, inking a deal with Selective Insurance, the US property and casualty group, which will offer its LeakBot, a self-install leak detection unit, to policyholders.

The company has now signed agreements with four major insurers in the past nine months, including a significant partnership with Nationwide. These deals demonstrate …

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