The article explains the importance of the insurance sector for a country's economy. It explores the meanings of terms like "insurance market", "insurance system", and "insurance sector". The insurance market is where people buy and sell insurance services, while the insurance system includes all insurance companies working together for national interests. The insurance sector consists of financial institutions involved in insurance activities. Participants in the insurance market include insurers, reinsurers, and intermediaries. The main goal is to understand the characteristics of the insurance sector and its development trends.