Abebe, Mulugeta (Dr)Tamiru, Yonas2021-06-082023-11-042021-06-082023-11-042008-07http://etd.aau.edu.et/handle/123456789/26769In Ethiopia, following the market economy declaration by the existing government, many insurance companies have been opened. Thus, the demand for professionals in the induslly has been increased. As a result the number of insurance professionals who are leaving insurance companies is increasing. Each time a position is vacated, either voluntarily or involuntarily, a new employee must be hired and trained. This replacement cycle is known as turnover (Robert 2002:395). This study has attempted to analyze the question, "is voluntary turnover higher in the private companies or in the government?" The analysis was done by taking job satisfaction parameters such as compensation system, promotion policy, supervisors' behaviour and working environment. It also assessed the dominant causes of voluntary turnover in the private and government insurance companies. To answer this question and to make the assessment, three private insurance companies, namely Nile, Nyala and United Insurance Share Companies and Ethiopian Insurance Corporation are selected. Stratified and convenient sampling techniques are used to select subjects from the existing and ex-employees of the identified insurance companies respectively. Then a total of 160 and 60 questionnaires are distributed to the existing and ex-employees of those insurance companies respectively. The findings from the collected data depict that employees' turnover in the private insurance companies are higher than the government counterpart. The reasons for these are that the private insurance ex-employees were highly dissatisfied with the working environment, supervisors' behaviour and promotion policy of their respective companies. Moreover, because of the dissatisfaction with promotion policy and compensation system, more than two-third of the privates and half of the government current employees have an intension to quit their jobs. To conclude, since employee turnover is a problem for insurance companies and the rate is still increasing at an increasing rate, all of the previously identified insurance companies should reconsider their compensation system, promotion policy, working environment in order to build satisfied employees who work at greater productivity rates and enhance the level of profits.enGovernment Insurance CompaniesInsurance industryThesis