Alm. Brand Group Extends LeakBot Programme

In brief · summary, not quotable

Ondo InsurTech Plc announced that Alm. Brand Group has significantly expanded its LeakBot programme, now offering the water damage prevention device to up to 160,000 homeowners across its brands, a substantial increase from the initial commitment of 15,000 devices. This extension demonstrates the growing value of Ondo's technology in preventing costly water damage claims for insurers and their customers, with Denmark continuing to be a key market for LeakBot's scale-up.

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 that Alm. Brand Group has extended its LeakBot programme, offering the device to up to 160,000 homeowners across its customer base as part of its commitment to preventing water damage claims.

This announcement follows the rollout confirmed in February 2026, in which Alm. Brand Group committed to distributing a minimum of 15,000 LeakBot devices over 18 months.

Brand Group has now indicated that it intends to deploy LeakBot at a greater scale, offering the device to up to 160,000 homeowners across its brands, including Alm. Brand, Codan, and Privatsikring.

Craig Foster, CEO of Ondo InsurTech Plc, says: "This is a landmark development in our relationship with Alm. Brand Group and a powerful statement of intent. Extending LeakBot access to 160,000 homeowners is exactly the kind of scale-up that demonstrates the compelling value our technology delivers to both insurers and their customers. Denmark continues to be a strategically important and high-performing market for LeakBot, and we look forward to helping Alm. Brand Group prevent water damage at scale."

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