SPAQ - Ondo InsurTech lands contract with top US insurer Nationwide to provide LeakBot to US customers
(NewsDirect)
Ondo InsurTech PLC CEO Craig Foster joinedProactive's Stephen Gunnion with news of a new partnership withFortune 100 US insurance company Nationwide to provide Ondo'sLeakBot to its US customers as part of its Smart Home Program.
Foster explained that Columbus, Ohio-basedNationwide is one of the largest insurance and financial servicesorganizations in the US with 2.5 million homeowners insurancecustomers.
Nationwide has ledinnovation in the US with its Smart Home Program – a new innovativeway for homeowners insurance customers to keep their homes safe.Participants in the program receive a discount on their insurancepremiums. The Program has been a success and is live in 34 states,distributing smart devices such as the Ting sensor to preventhousehold fires.
Foster saidNationwide has now selected LeakBot as a water damage preventionsystem that can be offered within the program. The two companies havesigned an ongoing Master Services Agreement, and have started work onthe IT integration of LeakBot’s APIs into the Nationwide Smart Homeplatform.
Nationwide and Ondo are now working towards the firststate launch planned for early 2024. Following the successfulexecution of the first order, the intention is to expand this intoother states in 2024.
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