Usurance Obtains Utah License to Enter U.S. Insurance Market
Usurance Insurance Company has received a Certificate of Authority from the Utah Insurance Department, allowing it to operate in the state as an insurance carrier effective July 30, 2026. This marks Usurance's entry into the U.S. underwriting market and expands its operations beyond Asia. The company is authorized to offer Property, Liability, Vehicle Liability, and Marine & Transportation insurance lines. Usurance aims to leverage its cross-border expertise and AI-driven services to serve both domestic and international businesses with complex risk needs. It plans to use artificial intelligence across customer service, claims processing, and administrative functions to improve efficiency and enhance the client experience. The company also owns WUT, an insurance brokerage platform that complements Usurance's underwriting operations by providing access to broader market resources.
Topics: cross-border business insurance licensing