Water Intelligence PLC Second National Insurance Agreement Signed (9115A)
January 04 2018 - 2:00AM
UK Regulatory
TIDMWATR
RNS Number : 9115A
Water Intelligence PLC
04 January 2018
Water Intelligence plc
(the "Company")
Second National Insurance Agreement Signed
Water Intelligence plc announces the signing and launch of the
Company's second formal national contract with one of the top 5
insurance companies in the US to provide adjusters a trusted
partner to pinpoint water leaks and minimize collateral damage
claims from residences and businesses. The Company's provision of
nationwide coverage through American Leak Detection (ALD), its
highly regarded franchise and corporate-operated brand, allows for
a nationwide execution for customers in the United States.
During 2017, ALD implemented its first national contract, having
previously worked with insurance claims adjusters across the U.S.
relying mainly on local marketing and execution from its
franchisees. In an effort to meet insurance customers' demand for a
consistent nationwide business to business approach, ALD
implemented a centralized channel for job assignments and billing.
During 2017 approximately 35,000 jobs originated from this central
channel. The strategy has now been enhanced further with the
introduction of partnerships with product companies.
Executive Chairman, Patrick DeSouza commented: "A business to
business approach will leverage our existing national footprint and
reduce administrative costs for our insurance company partners.
Year one implementation went well. In response to strong demand, we
plan to do more of the same in 2018 and beyond, as the insurance
market is currently seeking complete solutions for minimizing water
loss through leakage and we believe we are well positioned to
deliver this. We look forward to another significant increase in
the amount of insurance work acquired for our corporate and
franchise locations."
Enquiries:
Water Intelligence plc Tel: +1 203 654
Patrick DeSouza, Executive Chairman 5426
finnCap Ltd Tel: +44 (0) 207
Adrian Hargrave / Giles Rolls, corporate 220 0500
finance
Stephen Norcross, corporate broking
The information communicated in this announcement is inside
information for the purposes of Article 7 of Regulation
596/2014.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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