Employer social responsibility is a fundamental principle that defines a company's commitment to the wellbeing of its employees and society as a whole. It encompasses various aspects, such as creating a safe working environment, respecting workers' rights and promoting ethical and sustainable practices.

At OLEA, we consider this to be a central pillar of our mission. It determines the way we operate in the 25 countries where we are present, integrating practices that not only meet regulatory expectations but go beyond them, to foster a lasting positive impact.

With this in mind, OLEA Côte d'Ivoire organised a morning of discussions around this theme with its clients and partners. It was moderated by Dr Pascale Amien, Health Director at OLEA Côte d'Ivoire. The panel discussion brought together experts such as Youna Bagaté from AERIA, Audrey Ekanza from OLEA Côte d'Ivoire, Dr Zié Ouattara from ELITE INTERIM and Michael Souhone from PRUDENTIAL BELIFE. Together, they explored various aspects including:

Employer risks: The challenges of human resources management, highlighting the importance of guaranteeing the safety and well-being of employees, through appropriate solutions such as our insurance products.

Ivorian legislation and employee benefits: An in-depth analysis of the legal framework governing employee benefits, highlighting the opportunities and challenges for companies in their commitment to employee wellbeing.

Market practices in insurance: Best practices in insurance were shared, offering insights into how companies can strengthen their support for employees through tailored products.

As part of our commitment to social responsibility, we offer a comprehensive range of insurance products, customised to meet the diverse needs of employees, including:

• Health insurance : Access to essential medical care, wherever the employees may be.
• Individual accident insurance : Comprehensive accident cover, whether on or off the job.
• Death insurance : Financial security for families of the deceased in the event of premature death.
• End-of-career indemnity coverage : Guaranteeing payment of a lump sum to an employee on retirement, based on seniority and salary and in accordance with legal provision or collective bargaining agreements in force
• Supplementary retirement cover : Ensuring a stable income after retirement.

For further information please don’t hesitate to contact us on info@olea.africa.

In an often uncertain business environment, taking out liability insurance is essential for SMEs. It protects their financial interests, reputation and ability to prosper.

Financial protection

Small and medium-sized businesses are protected against the financial costs associated with claims for bodily injury or property damage caused to third parties. As a result, the company avoids high compensation costs, that could jeopardise its financial viability.

Precaution for the future

SMEs need to prepare for the unexpected and reduce the financial impact of unexpected events. This will ensure the company’s long-term viability and the ability to prosper will be guaranteed.

Legal compliance

In many countries, taking out liability insurance is a legal requirement. Complying with the law avoids fines and other sanctions that could be imposed on uninsured companies.

Protecting company assets

In the event of a dispute or claim, liability insurance can help protect businesses’ assets, including real estate, equipment and cash. This means the company can continue to operate even in the event of a legal issue.

Risk management

SMEs manage the risks associated with their business by transferring some of these to the insurer. The company can then concentrate on its day-to-day operations, without the worry of costly claims.

Brand image preserved

By demonstrating their commitment to the safety and wellbeing of their clients and community, SMEs strengthen their reputation and credibility. Clients are more likely to trust a company that takes its responsibilities seriously.

Access to contracts and partnerships

Many companies and business partners require SMEs to have liability insurance before entering into contracts or partnerships. Taking out insurance enables SMEs to access a wider range of business opportunities and collaborations.

By insuring their business for liability cover, SMEs on the African continent not only protect their financial future but also strengthen their market position. At OLEA, we are committed to providing insurance solutions tailored to the specific needs of SMEs operating in Africa.

For further information please don’t hesitate to contact us on info@olea.africa.

OLEA Tanzania, managed by Harry Coreth, actively sponsors the DAR Leopards rugby club. This partnership illustrates OLEA's commitment to core values such as respect, discipline, team spirit and perseverance. The DAR Leopards are a mainstay of rugby in Tanzania, supporting teams and events across the country. This club sponsorship means OLEA Tanzania is not only helping to promote rugby but also to spread positive values within the community. Supporting a rugby club like the DAR Leopards goes far beyond mere funding. It's about creating opportunities for young people, encouraging them to adopt a healthy lifestyle and instilling in them valuable skills that will stay with them throughout their lives. Rugby, by its very nature, teaches resilience, solidarity and commitment, essential qualities in personal and professional development.

At the rugby festival on June 22, the focus was on the Women's Empowerment and Entrepreneurship Development Organization (WEEDO). Based in Dar es Salaam, WEEDO supports girls and young women on their way to an independent future. There are 26 young players who take part enthusiastically in touch rugby tournaments. Their passion and energy are palpable, making each match a memorable experience. By supporting WEEDO and encouraging the participation of young girls in rugby, OLEA Tanzania is contributing to the emancipation of women and their integration into sporting activities, often perceived as the preserve of men.

OLEA Tanzania's support for the DAR Leopards club and the WEEDO initiative is a tangible illustration of the positive impact companies can have on local communities. By investing in sport, OLEA is helping to build a stronger, more cohesive social fabric, while providing young people with role models and opportunities to develop. Through its values, rugby is a powerful vehicle for empowerment and personal development. OLEA Tanzania will continue to support these initiatives, true to its mission of ensuring a better future for all.