Delighted to announce that Exante has been awarded a $1 million prize as part of the $5 million Insurance Innovation Prize program administered by lnnSure, a nonprofit innovation hub, and supported by the New York State Energy Research and Development Authority (NYSERDA). This recognition celebrates Exante’s groundbreaking contribution to advancing the energy transition through its innovative insurance product, the Exante Sunshine Guarantee.
The Exante Sunshine Guarantee is an embedded parametric insurance product designed to accelerate the adoption of rooftop solar installations by guaranteeing predicted solar irradiation levels for homeowners and small business owners. By reducing uncertainty and ensuring financial predictability, the Sunshine Guarantee directly addresses one of the key barriers to widespread adoption of solar energy. This solution underscores Exante’s commitment to fostering sustainable and renewable energy solutions.
The Insurance Innovation Prize, a key initiative of lnnSure, seeks to incentivize and support projects that develop and deploy novel insurance solutions to promote the adoption of energy transition technologies. The $5 million program funded eight trailblazing projects, all of which are aligned with the overarching goal of mitigating climate change risk and fostering a more sustainable future.
About lnnSure
lnnSure is a nonprofit innovation hub dedicated to catalyzing novel insurance solutions that address the challenges posed by climate change. By bringing together innovators from diverse industries, lnnSure aims to rethink the delivery of insurance, from product design and distribution to underwriting practices and risk capital management. For more information about lnnSure, visit innsure.org.
This award highlights Exante’s leadership in driving innovation at the intersection of insurance and sustainability. The company’s efforts will undoubtedly play a significant role in advancing renewable energy adoption and shaping a more resilient future for communities across New York and beyond
