Water Intelligence PLC Insurance National Account Win (9979X)
10 Mayo 2021 - 01:00AM
UK Regulatory
TIDMWATR
RNS Number : 9979X
Water Intelligence PLC
10 May 2021
Water Intelligence plc
Insurance National Account Win
Water Intelligence plc (AIM: WATR.L) ("Water Intelligence" or
"Company"), a leading multinational provider of precision,
minimally-invasive leak detection and remediation solutions for
both potable and non-potable water is pleased to announce another
insurance national account win - its third year-to-date.
Water-related claims are one of the largest sources of claims
for the insurance market in the United States. Insurance companies
value ALD's delivery of minimally-invasive water leak detection and
repair solutions anywhere, anytime across the United States.
Today's win is with one of the fastest growing national insurance
carriers.
The Company's latest business-to-business account reinforces the
sustainability of Water Intelligence's growth trajectory for its
insurance channel. As discussed in recent trading updates, the
business-to-business insurance channel grew 20% year-over-year for
full year 2020 vs. 2019 and kicked-off this year with 19% growth
for 1Q 2021 over 1Q 2020.
Executive Chairman, Dr. Patrick DeSouza commented: "We are
appreciative of the recognition that we are gaining across the
United States with homeowners and insurance companies. We will
continue to build on our value proposition of minimally-invasive
leak detection and repair and our reputation for excellence in
delivering solutions across the United States. We seek to capture
more and more of the $13 billion insurance market for water-related
claims."
The information communicated in this announcement is inside
information for the purposes of Article 7 of Regulation
596/2014
Enquiries :
Water Intelligence plc
Patrick DeSouza, Executive Chairman Tel: +1 203 654 5426
WH Ireland Limited - NOMAD & Tel: +44 (0)207 220 1666
Broker
Adrian Hadden
James Sinclair-Ford
Matthew Chan Tel: +44 (0)7920 599 793
Dowgate Capital Ltd - Broker
& Advisor
Stephen Norcross
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END
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May 10, 2021 02:00 ET (06:00 GMT)
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