Solving an industry wide problem
It’s widely known that escape of water claims are a big problem for insurers with $16bn a year spent on escape of water losses in US and UK alone. It’s less well known that over half of these claims are caused by mains water leaks and that the majority are small, hidden leaks that cause damage over a period of time. Escape of water seems like a great use case for IOT but so far nobody has really cracked the code on how to do it at scale… until now.
A cutting edge, proven solution
LeakBot is the world’s first end-to-end, IoT escape of water claims mitigation solution that already has a proven commercial model and business case for insurers.
End-to-End solution
LeakBot is the first end-to-end claims mitigation solution. The proposition for insurers consists of an easy-DIY-install consumer device and smartphone app, insurer dashboard and full Find & Fix field-service solution.
Expertise and unique tech
Detecting leaks is only part of the solution. Our network of specialist leak engineers all carry patented leak-location technology that guarantees the mains water supply is leak-free when they leave.
The LeakBot business case
LeakBot has a validated commercial model that has been proven and replicated multiple times in market. The model is designed to deliver a Year 1 ROI of 15% and over 40% ROI over 5 years.
Watch us at DIA Amsterdam
LeakBot was the proud winner of the DIAmond Award at this year's Digital Insurance Agenda in Amsterdam. Watch our keynote and see how LeakBot’s unique end-to-end solution is already working alongside leading insurers to mitigate water damage claims.
LeakBot works alongside leading insurance brands in the UK, USA and Europe
Proud to work alongside
Read what our customers are saying
Overall excellent service
Excellent customer service, helpful friendly staff. Arranging an appointment was easy and the engineer knew exactly what to do and worked efficiently according to the time allowed.
18/12/2019
LeakBot is a brilliant bit of kit and the service is excellent
LeakBot has now found three leaks over the past eighteen months. It’s fantastic. The technicians have been superb and in every case tracked down the problem.
13/12/2019
This is a really great product
This is a really great product, good looking product and app. What's more, when a leak was detected they sent around an engineer for free to fix the problem, thoroughly recommend!
08/12/2019
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News & Events
Meerkats Choose Leakbot; Home Monitoring Gets You Cheaper Insurance
comparethemarket.com has launched an exclusive partnership with digital insurance provider iGO4 and LeakBot, the smart water leak detection system.
2020 Predictions: Internet of Things Will Deliver Practical Results for Consumers
Is it too late for some 2020 Predictions? Heck no, we’re still in New Year mode here at IE mag and looking forward to another year of rapid change in the insurance sector.
Why home CCTV won’t lower your insurance
Video doorbells and home security cameras are becoming increasingly popular. But if you think these new technology innovations will lead to you getting a discount on your home insurance, you are mistaken.
iGO4, LeakBot and Compare the Market in home insurance JV
Digital insurance provider, Igo4 has launched a connected home insurance product, in partnership with smart water leak detection system, LeakBot and price comparison website, Compare the Market.
LeakBot CEO Craig Foster on why 2020 will be the tipping point for insurtech
For insurtech to progress and reach that tipping point insurtech providers must look to move beyond discussions of the innovation itself.
How to disrupt yourself from the shed in the car park – the story of Homeserve’s LeakBot
“No-one created a billion dollar company off the side of their desk.” That was the challenge from Homeserve’s CEO Richard Harpin to Craig Foster, who was then product director.
Insurtech in review: new and old players adapt to a changing landscape
Early year studies from Deloitte and McKinsey cited 2019 as the year for insurance firms to embrace new partnerships and join in the tech revolution.
Tech Can Save Homeowners Time & Money on Water Damage Claims
With the cost of claims for escape of water rising, how can smart home tech make an impact and transform the insurance industry?
Topdanmark partners with LeakBot
Topdanmark, the second-largest insurance company in Denmark, offers a wide range of policies to customers around the country including house insurance for many Danish homeowners.
HomeServe Labs chairman Mark Wood on start-ups, IoT and LeakBot
After a career in the insurance industry that includes being CEO of two large insurance firms, Mark Wood is steering HomeServe's LeakBot into new markets.
Neos Partner With HomeServe Labs on LeakBot Home Insurance Product
Neos, the UK’s first smart home insurance provider, has partnered with HomeServe Labs, to offer the world’s leading smart water leak detection system LeakBot as part of its smart home insurance package.
HomeServe Labs MD Craig Foster on creating LeakBot and disrupting the US
HomeServe Labs spent two and a half years developing and refining LeakBot to make it ready for commercial release — and now it'll be heading to the US.
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