Ondo Extends Contract with Selective Insurance

In brief · summary, not quotable

Ondo InsurTech plc has announced an expansion of its contract with Selective Insurance, rolling out its LeakBot claims prevention technology across Selective's entire 15-state Personal Lines footprint. This nationwide expansion follows a successful pilot program initiated in February 2024 and subsequent multi-state growth, making LeakBot available to all eligible homeowners policyholders. Ondo highlights Selective's role as an early adopter and collaborative partner in enhancing deployment, communications, and customer experience, underscoring the positive results delivered and a shared vision for the future of insurance.

Full announcement

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Ondo InsurTech plc (LSE: ONDO), a leading provider of claims prevention technology for home insurers, is pleased to announce a rollout of LeakBot across Selective Insurance's ("Selective") 15-state Personal Lines footprint.

Ondo began its relationship with Selective in February 2024 through a single-state pilot programme, expanded it later that year across multiple states, and is now expanding it further to make LeakBot available to all of the insurance company's eligible homeowners policyholders.

Ondo recognises Selective as an early adopter of its innovative customer engagement and marketing strategies for LeakBot, working together to improve deployment, communications, and customer experience.

Craig Foster, CEO of Ondo InsurTech plc, said: "Selective has been an outstanding collaborator from the outset. They have consistently demonstrated a long-term, innovative mindset and a genuine commitment to improving customer outcomes through technology. This nationwide rollout is a strong endorsement of the results we have delivered together, and we are delighted to be deepening our relationship with a carrier that truly shares our vision for the future of insurance."

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