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No Fault, No Claims Adjuster, No Friction: Randel Bennett on the Future of Guarantees

In this episode, InsurTech Leadership host Josh interviews Randall Bennett, CEO and co‑founder of Quixen, about the company’s embedded, parametric production guarantees for commercial solar projects. Bennett explains how Quixen partners with solar installers and prime contractors to offer a data‑driven guarantee that the actual energy output will meet expected levels, using proprietary models and high‑resolution weather data. He highlights the no‑fault, litigation‑free nature of the product, its five‑year term structure, and how it fills a growing demand in RFPs for performance guarantees, differentiating it from traditional insurance. The discussion also covers the challenges of building a new parametric model, the decision to focus on solar, and the broader potential for embedded insurance in other sectors.