Ondo InsurTech Plc
Craig Foster has a diverse work experience in various industries. Craig is currently the Chief Executive Officer at Ondo InsurTech Plc since 2022. Prior to this, they founded and served as the CEO of LeakBot from 2016 to 2022, where they developed a unique sensor technology to prevent water damage claims.
Craig also has experience in the connected home industry, having worked at HomeServe from 2009 to 2016. There, they held roles such as Connected Home Director, Innovation and Strategy Director, and Product Director, focusing on smart thermostat installations, business model innovation, and product development.
Before joining HomeServe, Craig worked at HBOS Plc. as the Head of Marketing for Mortgages and General Insurance from 2007 to 2009. Craig began their career at Procter & Gamble in 2001, where they held various brand management roles, including Global Brand Manager for Head & Shoulders.
Throughout their career, Craig has demonstrated a strong entrepreneurial mindset and a passion for innovation, particularly in the areas of technology and insurance.
Craig Foster attended Nottingham University Business School from 1998 to 2001, where they obtained a BA (Hons) in Management Studies.
This person is not in any teams
Ondo InsurTech Plc
Ondo InsurTech Plc is on a mission to become the world’s leading provider of claims prevention technology for home insurers. Ondo’s focus is on the global scale-up of LeakBot – an end-to-end internet of things solution which protects homes from the impact of water damage. Water damage is the single biggest cause of home insurance claims, accounting for $17bn of claims every year in the USA and UK combined. LeakBot is a patented self-install solution that connects to the home wireless network and, if it detects a leak, notifies the customer via the LeakBot mobile app and provides access to a team of expert LeakBot engineers to ‘find and fix’ the problem. Recent independent research by Consumer Intelligence found LeakBot can reduce the cost of water damage claims by 70%. LeakBot partners with 11 insurance carriers - including Admiral, Direct Line Group, Hiscox, Mapfre and TopDanmark - across 5 different countries, in Europe and the USA. In March 2022 LeakBot became the first InsurTech to IPO in London, as Ondo InsurTech Plc (LSE:ONDO).