Ondo expands LeakBot to 160k homes

Ondo InsurTech said Alm. Brand Group will offer its LeakBot water-leak prevention service to as many as 160,000 homeowners in Denmark. (londonstockexchange.com) The expansion, announced April 13, follows a February 2026 rollout plan in which Alm. Brand Group had committed to distribute at least 15,000 devices over 18 months. The new plan covers customers across Alm. Brand, Codan and Privatsikring. (investegate.co.uk) LeakBot is a clip-on sensor for a home’s main water pipe that connects to Wi‑Fi and watches for small hidden leaks before they become major claims. Ondo says the device can detect leaks as small as 5 milliliters per minute and alert homeowners through its mobile app. (leakbot.io) If the system flags a problem, the app can connect the customer to a LeakBot repair service to locate and fix the leak. Ondo pitches that bundled service to insurers as a way to stop a loss before it turns into a claim. (leakbot.io) That sales pitch targets a large insurance expense: Ondo says water damage is the single biggest cause of home insurance claims, totaling about $17 billion a year in the United States and United Kingdom combined. The company says more than half of those losses come from mains-water leaks, many of them small and hidden. (londonstockexchange.com) (useleakbot.io) Alm. Brand Group is one of Denmark’s largest non-life insurers, with more than 800,000 customers across Alm. Brand, Codan, Privatsikring and Erhvervssikring. Fitch has previously described the group as a top-three non-life insurer in Denmark with roughly 17% gross premium market share after its Codan acquisition. (almbrandgroup.com) (fitchratings.com) The Denmark deal adds to Ondo’s insurer-led distribution model in other markets. Ondo has said Nationwide expanded LeakBot into 16 United States states, Admiral signed a new two-year agreement in 2025, and the Hanover began a United States pilot in April 2025. (londonstockexchange.com) (marketscreener.com) (londonstockexchange.com) The immediate test is whether Alm. Brand turns that “up to 160,000” offer into installations at anything close to full scale. For Ondo, the announcement puts a concrete number on how far claims-prevention tools are moving from pilot programs into mainstream insurance distribution. (londonstockexchange.com)