Insurance serves to safeguard the interests of the insured against adverse events by utilizing reserves built from premiums. It plays a crucial role in providing social and economic stability, ensuring compensation for property loss and income disruption. The development of insurance is closely tied to public welfare and market relations, particularly in leading economies like the USA and Japan, where it is a robust sector. In Belarus, property insurance is a licensed service aimed at compensating citizens for losses due to insured events.
