Ondo InsurTech Plc's LeakBotlinks up with vipHomeLink in the US for collaborative endeavors.
Ondo InsurTech Strengthens Presence in U.S. Insurance Market with Partnerships
Ondo InsurTech, a London-listed leader in claims prevention technology for home insurers, is making significant strides in the U.S. insurance market. The company has entered into several partnerships that aim to bring its leading leak detection technology and in-home plumbing repair services to a wider audience.
One of Ondo's notable partnerships is with vipHomeLink, a U.S. company that specialises in digital engagement. This partnership will see vipHomeLink's network of small and mid-sized U.S. insurance carriers provided with the LeakBot water damage prevention system. The LeakBot system, a product of Ondo, has already been successfully deployed by Danish mutual insurance company LB Forsikring in the last 14 months.
The agreement between Ondo and vipHomeLink allows for streamlined access and complete, turnkey deployment of LeakBot programs at lower minimum volumes. vipHomeLink will lead all customer engagement, onboarding, and enrollment marketing, while Ondo maintains direct contractual relationships with all insurers.
Ondo has also partnered with PURE Insurance, a U.S.-based property and casualty insurance company, to offer the LeakBot device to U.S. homeowners insurance. Craig Foster, CEO of Ondo InsurTech, expressed his excitement about the partnership, stating that vipHomeLink has proven the power of digital engagement. Geoff Martin, CEO of vipHomeLink, shared similar sentiments, stating that LeakBot provides a winning prevention solution for insurance carriers to provide to their insureds.
Another significant partnership for Ondo is with Nationwide, a Fortune 100 insurance company. The partnership, announced in the U.S. market, will see the LeakBot device offered to Nationwide's customers. Notably, Nationwide has expanded from a small pilot to offering LeakBot to up to 3 million customers as part of a smart home initiative, indicating robust adoption in the U.S. market.
The partnerships aim to establish a complete and coordinated prevention ecosystem, bringing together smart solutions such as Ting and LeakBot. The partnerships build on LeakBot's momentum in the U.S., including with carriers such as Nationwide, Selective, Pure, and others.
Ondo has also signed a new deal with LB Forsikring to accelerate the distribution of the LeakBot system to their members. This partnership further cements Ondo's position in the U.S. insurance market.
As a result of these partnerships, Ondo's user base is growing rapidly in the U.S. and globally, surpassing 170,000 registered LeakBot customers by June 2025. The company has achieved significant impact by fixing leaks and preventing water damage at scale, reinforcing the value proposition to insurance partners.
In summary, Ondo InsurTech has established a well-validated, expanding presence in the U.S. insurance market for LeakBot deployment, supported by strong insurer engagement and growing customer use, consistent with the objectives of its partnerships.
- InsurTech company Ondo has struck a collaboration with PURE Insurance, utilizing the LeakBot device to provide U.S. homeowners with insurance a technological solution for water damage prevention.
- The technology-driven business, Ondo InsurTech, has expanded its presence in the U.S. market, following partnerships with events like vipHomeLink and Nationwide, ultimately establishing a coordinated prevention ecosystem and escalating its user base in the region.
