Insurtech Qixent launches solar sunshine guarantees in the U.S.

Qixent Introduces Parametric Sunshine Guarantees for Solar Owners

Qixent, a company specializing in embedded insurance, has launched a new offering targeting residential solar panel owners in the U.S. The product, known as "parametric sunshine guarantees," aims to provide a financial safety net for homeowners relying on solar energy. This initiative is a collaboration with Exante, a parametric insurtech firm known for innovative insurance solutions.

What Are Parametric Sunshine Guarantees?

These parametric insurance policies work by providing payouts based on specific weather conditions, rather than the traditional claims process. For solar panel owners, this means that if sunlight levels fall below a predetermined threshold during the insurance period, they will receive automatic compensation. This can help offset losses from inadequate solar energy production due to poor weather factors.

Who’s Affected?

The impact of this offering is significant for homeowners who rely on solar energy. It provides them with a level of financial security and peace of mind, knowing they have a backup if weather conditions don't cooperate. Additionally, this type of insurance could make solar energy systems more attractive to potential buyers who are concerned about fluctuations in energy output due to changing climate conditions.

Industry Context

This move comes as the insurance industry increasingly explores parametric solutions, which are often seen as quicker and more efficient than traditional insurance claims. With the growing popularity of renewable energy solutions, Qixent’s new product places them at the forefront of a potential shift in how insurtech plays a role in supporting sustainable technologies.

Overall, Qixent’s parametric sunshine guarantee could pave the way for other insurtech companies to develop similar offerings, further integrating insurance solutions with renewable energy advances.

Original Source: https://www.theinsurer.com/parametric-insurer/news/insurtech-qixent-launches-solar-sunshine-guarantees-in-the-us-2025-09-04/