For global companies doing business in the United States for the first time, navigating the U.S. insurance marketplace can be a daunting task. Each of the 50 states has its own insurance laws and regulatory system, making the U.S. insurance system highly complex and diverse, with more than 1,600 carriers operating in the nation.¹
U.S. insurance is regulated primarily at the state level. Companies need to respond to both marketplace and regulatory differences in every state where they have operations. Complexity aside, every year, companies from all over the world successfully establish operations in the U.S., obtain insurance, and benefit from doing business in the U.S.’s large, competitive, dynamic marketplace.
Organizations venturing into the American market for the first time should understand the intricacies of health insurance and property and casualty (P&C) insurance. These foundational elements are pivotal in establishing a strong foothold and ensuring comprehensive coverage.
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