Business
New contract with premium US insurer
New contract with premium US insurer.
About this update from Ondo Insur Tech Plc
[{"type":"text","content":"\n\n7th June 2023\n \nOndo InsurTech Plc (\"Ondo\" or \"the Company\")\n \n \nPremium US insurer Mutual of Enumclaw signs contract to install 10,000 LeakBot systems with customers in Washington State\n \n \n \nOndo 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.\n \nHaving 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.\n \nMutual 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.\n \nJerel 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.\" \n \nCraig 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.\"\n \n \nEnquiries\n \nFor further information, please visit www.ondoplc.com or contact the following: \n\n\n\nOndo InsurTech Plc\n\n\nJim Strickland,\nGeneral Manager - North America\n\n\n+001 817 807 8962\n\n\n\n\nSI Capital Ltd\n(Company Broker)\n\n\nNick Emerson\nJon Levinson\n\n\n+44 (0) 1483 413500\n+44 (0) 20 3143 0600\n\n\n\n\nCassiopeia Services Ltd\n...