20 May
2024
Ondo InsurTech Plc
("Ondo" or the
"Company")
Ondo Insurtech achieve ISO27001:2022
certification.
Ondo Insurtech Plc (LSE:
ONDO), a leading company in claims
prevention technology for home insurers, is pleased to
announce the Company has been awarded the ISO/IEC 27001:2022 (ISO
27001) certification.
ISO 27001 is a global security standard that
determines the requirements for establishing, implementing,
maintaining, and continually improving an Information Security
Management System (ISMS). In response to the strict criteria
necessary to become an approved supplier to Nationwide, a major
Fortune 100 financial services company in the United States, Ondo
fast-tracked a project at the end of 2023 to achieve this
certification.
The Company believes that achieving ISO 27001
will be of benefit in demonstrating to prospective new partners
that Ondo is able to meet the most rigorous standards required in
serving this highly regulated market, both in the US and
internationally.
The subsequent successful external audit by a
UKAS accredited certification body, demonstrated Ondo's systematic
and ongoing approach to managing and mitigating the risks
associated with its information assets across the whole
organisation. These assets include (but are not limited to) the
sensitive company and customer information the organisation holds
and processes. As a result, Ondo is now recognised as fully
compliant with this global security standard.
The scope of Ondo's ISMS includes the assets,
technologies, and processes employed by Ondo for processing,
management, and delivery of LeakBot services to its customers
worldwide.
Craig Foster,
Ondo CEO, says: "All of our Insurance partners
have very rigorous requirements with regards to information
security. The 3rd party confirmation of the ISO 27001
Certification is another step in Ondo's growth story and
demonstrates to new and existing partners that we are ready to deal
with the very largest insurers in the world such as
Nationwide".
Enquiries
For further information, please visit www.ondoplc.com or
contact the following:
|
Ondo InsurTech Plc
|
Craig Foster, CEO
Kevin Withington, CFO
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+44 (0) 800 783 9866
|
|
Dowgate Capital Ltd
(Broker & Financial Advisor)
|
Russell Cook
Nick Chambers
Charlie Hall
|
+44 (0) 20 3903 7715
|
|
Cassiopeia Services Ltd
(PR & Investor Relations)
|
Stefania Barbaglio
|
+44 (0) 7949 690338
|
About Ondo
InsurTech PLC
Ondo InsurTech Plc is a world leading provider
of claims prevention technology for home insurers. Ondo's
focus is on the global scale-up of LeakBot - claims prevention
technology that prevents water damage claims in houses. Water
damage is the single biggest cause of home insurance claims,
accounting for $17bn of claims every year in the USA and UK
combined. LeakBot is a patented self-install solution that connects
to the home wireless network and, if it detects a leak, notifies
the customer via the LeakBot mobile app and provides access to a
team of expert LeakBot engineers to 'find and fix' the problem.
Independent research by Consumer Intelligence found LeakBot can
reduce the cost of water damage claims by 70%.
LeakBot partners with 16 insurance carriers -
including Nationwide, Admiral, Direct Line Group, Hiscox,
Länsförsäkringar and TopDanmark - both in Europe and the
USA.
In March 2022 LeakBot became the first
InsurTech to IPO in London, as Ondo InsurTech Plc and holds the
coveted London Stock Exchange Green Economy Mark awarded to
companies who derive the majority of their income from Green
activities.
For more information, visit www.ondoplc.com
