Our Vision
Home Insurance is in transitional phase from risk transfer to risk reduction
The insurance sector is in the midst of a transition from traditional risk transfer, to a model of sustainable risk reduction. In that context, Ondo has a patented system that reduces the risk of the number one peril on home insurance.
Our Mission
Lead this change with the global scale-up of LeakBot
Ondo’s mission is to make the LeakBot system the equivalent of a 5-lever door lock – something every home insurer expects every home to have as standard.
Ondo’s strategy is to become the leading cost effective solution for managing Escape of Water risk across North America and Western Europe – and from this defensible foothold, to expand then into other perils through partnerships and acquisitions of complementary products and companies.
The near-term strategy for the Enlarged Group is to drive the core business penetration in the UK, USA and Scandinavia – growing top-line revenue growth to get the business to cashflow breakeven.
How to Win
- Patented system with cost-benefit advantage vs competition
- Low cost/high volume data-driven direct marketing channels to existing policy base
- High homeowner engagement and advocacy
- Customer lifetime value linked to insurers’ churn rates
Flywheel for Growth
