Solving an industry wide problem
It is widely known that escape of water claims are a big problem for insurers with $17bn 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 B2B2C system
>80% self installation rate, micro-leak sensitivity, device and in-home service can be offered for free to homeowners
Patented solution to global problem
Invented, designed and manufactured in Britain. Exported internationally
Proven traction with major insurers
Multiple insurance companies deploying LeakBot across multiple countries
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
Great little gizmo and terrific service
Great little gizmo which I got through my Hiscox policy. I am not very DIY savvy to say the least but it was pretty easy to set up though, initially, I wasn't entirely sure I had done it correctly but I did start to get regular readings. Today I got an email saying my water usage was up and perhaps I should check my taps etc. In fact my wife had given the garden it's first serious watering of the year so far - and Leakbot picked it up! Terrific service.
16/04/2020
What an amazing device....
What an amazing device. My wife left the outside tap dripping. Shortly after, I got an alert from Leakbot advising me of a possible leak. Checked taps, found dripping tap and turned it off. Fantastic... If that had been a leak in the system, it would have alerted me immediately possibly saving serious water damage. Fantastic device...
24/04/2020
LeakBot picked up that there were 2…
LeakBot picked up that there were 2 leaks in my home. The engineer arrived and very quickly identified that the leaks were coming from the loft. The main leak was coming from a crack in the cold water tank. I am so pleased that I installed the LeakBot. I wouldn’t have known about the leak until extensive damage occurred so this has saved me a huge amount of money, stress and inconvenience
29/02/2020
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News & Events
How smart devices can save you money
From energy-saving bulbs to leak detectors, smart tech offers many benefits at the touch of a button.
LeakBot aims to slash escape of water claims costs with self-installed device
A partnership with Hiscox has opened the firm's eyes as to how it can aid insurers and brokers in managing expensive EOW claims.
LeakBot to be first UK insurtech to IPO in London Stock Exchange
LeakBot has announced it intends to float on the London Stock Exchange as Ondo InsurTech Plc, via a reverse takeover with Spinnaker Acquisitions Plc.
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.
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.
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.
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.