29 January 2024
Ondo Shortlisted for Breakthrough of the Year
Award at PLC Awards 2023
Ondo Insurtech (LSE: ONDO), a leading company in
claims prevention technology for home insurers, is delighted to
announce its shortlisting for the Breakthrough of the Year Award at
the upcoming PLC Awards 2023.
PLC Awards, established in 1987 and sponsored by BDO
in association with the London Stock Exchange, stand as a beacon in
recognizing outstanding achievements within the Main Market of the
London Stock Exchange, the revered "plc club." Scheduled annually
in March, this event highlights excellence across various
categories with a particular emphasis on Environmental, Social, and
Governance (ESG) considerations, reflecting the dynamic and
evolving landscape of responsible corporate citizenship.
Ondo's nomination in the Breakthrough of the Year
category recognises its pioneering efforts in the insurtech sector.
Notably, its proprietary leak detection product, Leakbot, which
leads the charge in proactive claims prevention. The Company's
dedication to innovation, transformative solutions, and sustainable
practices align with the demanding ESG criteria championed by the
PLC Awards, as well as the diverse needs of customers and
homeowners committed to conservation.
In 2022, Ondo received the London Stock Exchange's
Green Economy Mark, a recognition of its significant contribution
to the global green economy through the water-saving benefits
delivered by Ondo's LeakBot product.
Craig Foster, CEO of Ondo InsurTech, commented: "This
nomination underscores our pursuit of innovation and our commitment
to delivering groundbreaking tech solutions to solve real-world
problems. Our focus on responsible and sustainable business
practices is unwavering."
For more information, visit www.ondoplc.com
Enquiries:
Ondo InsurTech Plc
|
Craig Foster, CEO
Kevin Withington, CFO
|
+44 (0) 800 783 9866
|
Dowgate Capital Ltd
(Broker & Financial Advisor)
|
Russell Cook
Nick Chambers
Charlie Hall
|
+44 (0) 20 3903 7715
|
Cassiopeia Services Ltd
(PR & Investor Relations)
|
Stefania Barbaglio
|
+44 (0) 7949 690338
|
About Ondo InsurTech
PLC
Ondo InsurTech Plc is a world leading provider of
claims prevention technology for home insurers. Ondo's focus
is on the global scale-up of LeakBot - claims prevention technology
that prevents water damage claims in houses. Water damage is the
single biggest cause of home insurance claims, accounting for $17bn
of claims every year in the USA and UK combined. LeakBot is a
patented self-install solution that connects to the home wireless
network and, if it detects a leak, notifies the customer via the
LeakBot mobile app and provides access to a team of expert LeakBot
engineers to 'find and fix' the problem. Independent research by
Consumer Intelligence found LeakBot can reduce the cost of water
damage claims by 70%.
LeakBot partners with 15 insurance carriers -
including Nationwide, Admiral, Direct Line Group, Hiscox,
Länsförsäkringar and TopDanmark - both in Europe and the USA.
In March 2022 LeakBot became the first InsurTech to
IPO in London, as Ondo InsurTech Plc
(LSE:ONDO) and holds the coveted London Stock
Exchange Green Economy Mark awarded to companies who derive the
majority of their income from Green activities.