ABSTRACT

This study was intended to evaluate the role of insurance company in the economic development of Ghana in metropolitan insurance company. This study was guided by the following objectives; to identify the role insurance play to the economy of Ghana, to access the awareness among the general public about insurance in Nigeria, to find out the problems facing the insurer and the insured in Nigeria.

The study employed the descriptive and explanatory design; questionnaires in addition to library research were applied in order to collect data. Primary and secondary data sources were used and data was analyzed using the t-test statistical tool at 5% level of significance which was presented in frequency tables and percentage. The respondents under the study were 30employees of metropolitan insurance company. The study majorly focuses on the role of insurance companies in the economic development of Ghana.

The study findings revealed that the role played by insurance to the organization was the development of trade and the mobilization of fund; based on the findings from the study, efforts should be made to improve insurance in Ghana.