Business
National Insurance Agreement Signed
National Insurance Agreement Signed.
About this update from Water Intelligence Plc
[{"type":"text","content":"\n \nRNS Number : 0516W Water Intelligence PLC 06 February 2017 \n\n \n \nWater Intelligence plc (\"Water Intelligence\" or the \"Company\")\nNational Insurance Agreement Signed\n \nWater Intelligence plc announces the signing and launch of the Company's first formal national contract with one of the top 5 insurance companies in the US to provide adjusters a trusted partner to pinpoint water leaks and minimize collateral damage claims from residences and businesses. \n \nTo date, the Company has worked with insurance claims adjusters across the U.S. through its national franchise system relying mainly on local marketing. In an effort to meet insurance customers' demand for a business to business approach, the Company has implemented during 2016 a centralized channel for job assignments and billing. With respect to the subject insurance customer, during 2016 the Company processed through a pilot channel approximately 1500 jobs amounting to approximately $500,000. These jobs supplemented other insurance jobs originating at a local level among franchisees. The Company anticipates broadening its national approach during 2017. The Company will begin reporting a business to business channel starting with its 2016 Annual Report.\n \nExecutive Chairman, Patrick DeSouza commented: \"A business to business approach will leverage our existing national footprint and reduce administrative costs for our insurance company partners. We look to a significant increase going forward in the amount of insurance work acquired for our corporate and franchise locations.\"\n \n \nEnquiries: \n\n\n\n\nWater Intelligence plc \nPatrick DeSouza, Executive Chairman\n \n\n\nTel: +1 203 654 5426 \n \n\n\n\n\nfinnCap Ltd\nAdrian Hargrave / Giles Rolls, corporate finance\nStephen Norcross, corporate broking\n \n\n\nTel: +44 (0) 207 220 0500\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nThe information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END AGRSSWEFIFWSEDE\n ","l...