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Alm. Brand Group to roll out LeakBot

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Ondo InsurTech Plc announced that Alm. Brand Group will roll out its LeakBot technology to its customer base, committing to distribute at least 15,000 devices over the next 18 months following a successful trial. This expansion into Denmark reinforces Ondo's strategy in the region, with Alm. Brand Group's brands including Alm. Brand, Codan, and Privatsikring. The trial demonstrated positive results in claims prevention, customer satisfaction, and loyalty, validating the effectiveness of LeakBot in reducing water damage claims.

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  • Brand Group to roll out LeakBot following successful trial; commits to distributing at least 15,000 devices in next 18 months

Ondo InsurTech Plc (LSE: ONDO), a leading provider of claims‑prevention technology for home insurers, is pleased to announce that Alm. Brand Group will roll out LeakBot across its customer base following the success of the initial trial phase and has committed to ordering and distributing a minimum of 15,000 LeakBot devices in the next 18 months.

The trial, launched in early 2025, focused on evaluating the impact of LeakBot on claims prevention, customer satisfaction and customer loyalty. Results verified expectations, leading Alm. Brand Group to expand deployment across its brands, which include Alm. Brand, Codan, and Privatsikring.

This rollout builds on Ondo's growing presence in Denmark, where multiple carriers are increasingly adopting LeakBot as part of their long term water damage prevention strategies.

Craig Foster, Ondo CEO, says: "We are delighted that Alm. Brand Group is moving from trial to full rollout. Denmark remains a strategically important market for LeakBot, and this decision reinforces the strong performance results we continue to see with our insurance partners in the region. We look forward to working with Alm. Brand Group to deliver meaningful reductions in water‑damage claims at scale."

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Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.

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