Ondo InsurTech Plc (LSE: ONDO), a claims prevention technology specialist, declared on Wednesday that it has signed a two-year agreement with Admiral to continue offering its LeakBot device to home insurance customers. Admiral, one of the UK's top five home insurers, will deploy an additional 10,000 LeakBots before the end of 2025.

Admiral has partnered with LeakBot since 2022 to help policyholders detect and resolve hidden leaks before they cause significant damage. The expanded rollout supports Admiral's strategy to reduce water damage risk and enhance customer service.

LeakBot is a patented, self-install device that connects to a home's wireless network, alerting customers via a mobile app when leaks are detected and providing access to engineers to resolve issues. Research indicates it can reduce water damage claims costs by up to 70%.

Ondo works with 25 insurance carriers across Europe and the US, including Nationwide, Liberty Mutual, Direct Line Group, Hiscox, Länsförsäkringar and TopDanmark. The company holds the London Stock Exchange Green Economy Mark.