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NEWS FROM OLEA

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Olivier Dubois, OLEA Group Chairman

I'm delighted to bring you the latest news from OLEA, highlighting our initiatives.

Firstly, I attended the 50th annual conference of the African Insurance Organization (AIO) in Windhoek, Namibia, with Ayouba Seydou, our Placement and Reinsurance Director and Vincent de Charnacé, our CEO for East & Southern Africa. This event was an exceptional opportunity to strengthen our relationships and explore new strategic avenues on the continent.

I am particularly pleased to announce the appointment of Jeannie Cointre as Chairman of the Board of Directors of OLEA Senegal. Her remarkable career path has taken her from professional basketball to the management of a Senegalese company. In addition to this, she is involved in several boards of directors in France, Switzerland, North America and Africa, testament to her exceptional versatility. In addition, Jeannie is a shareholder in a Geneva-based financial services company and recently took over the reins of Tarbes Gespe Bigorre, becoming the fourth woman to lead a professional women's basketball league. This again marks her significant impact in the field of sport and business management.

Our team also participated enthusiastically in the Job Dating organised by the École Supérieure d'Assurances (ESA) in France, where we had the opportunity to meet promising young talent.

During our visit to Dubai in early May, Ayouba Seydou and I had fruitful discussions with our partners.

As if to reinforce the need for insurance, Dubai recently experienced a rare flood, resulting in significant insurable losses. Similar challenges are being faced in Africa, where floods are becoming increasingly frequent, potentially threatening insurability.

These facts highlight the importance of re-evaluating rates and risk management on a global scale. Adapting to changing climatic risks is therefore essential to guarantee sustainable protection.

Finally, my speech at the African Risk Management Meeting in Abidjan was an opportunity to discuss the crucial importance of insurance and reinsurance in a world marked by global economic shocks. The need for regional and continental solutions to strengthen our economies was at the heart of the debates.

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These moments illustrate our commitment to innovation, the development of talent and our contribution to the evolution of the insurance sector in Africa.

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Employers' social responsibility towards their employees and personal insurance

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


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Liability insurance: The essential shield for SMEs in 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.

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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.

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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.

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Secure your future with OLEA

Every individual and every business leader deserve to feel safe and supported, by having experts to guide them in the prevention of risk and assist them in the resolution of their claims.

That's why it's so important for us to provide our clients with professional, dynamic and ethical service from our team.

Our talents are our greatest source of pride. We recruit young professionals who have just completed their academic training, to more experienced and specialised professionals.

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Our ambition is to become the leading Pan-African insurance broker, hence our slogan « Be Africa, Choose OLEA ».

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OLEA Impact

Olivier Dubois, Chairman, OLEA: "I am delighted to announce the launch of OLEA Impact, a new step in our commitment to Corporate Social Responsibility(|CSR). OLEA Impact will bring together all the CSR initiatives of our 25 subsidiaries around three main pillars: Health, education and environment.

At OLEA, we firmly believe that our success goes hand in hand with a positive impact on the communities we serve. That's why we're committed to supporting social and environmental projects that make a real difference.  

In 2023, we took collective action with all our subsidiaries to mark Pink October, breast cancer awareness month. Some of our subsidiaries organised external events with our customers and partners to raise awareness and encourage them to take part in screening sessions. Others organised in-house sessions for our teams to raise awareness and pledged financial support to certain associations. A case in point is our Ghanaian subsidiary, which has renewed its commitment and support for the 5th year in the ‘JEAD Foundation’, an NGO which works to support rural women in need, so that they can overcome the challenges of breast cancer.

This year, our Moroccan subsidiary also joined forces with ’La Maison de l'Espoir’, to support children with cancer in Morocco.

At our annual conference in Marrakech in March 2024, we presented the OLEA Impact award to Ramatou Salifou, Managing Director of OLEA Niger, in recognition and respect of her ongoing contributions for CSR, both in her professional and personal life. Well done, Ramatou!

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Protect your business against digital risks with OLEA !

In a world where technology dominates almost every aspect of our professional and personal lives, cybersecurity has become a top priority for all businesses. As a Pan-African insurance broker, OLEA understands the importance of protecting data and IT systems from digital threats.

According to Bryan Rangapanaiken, Head of our IT Systems’ Security, OLEA, "Africa's growing reliance on digital technologies is having a major impact on the continent's businesses. Rapid advances in Information and Communication Technologies (ICT) have transformed the day-to-day operations of African businesses. However, this growing dependence also presents significant challenges. Interpol estimates that cybercrime costs Africa $4 billion a year."

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It was also the reason for OLEA’s participation as a sponsor in the Cyber Africa Forum on April 15 and 16, 2024. This premier event brings together Africa's leading cybersecurity experts to discuss the latest trends, challenges and best practices in this ever-evolving field. Our participation demonstrates our commitment to protecting African businesses from cyberattacks and our willingness to contribute to the advancement of cybersecurity on the continent.

Together, we can build a safer, more resilient digital future for all businesses in Africa. Protecting your business from cyber threats is a top priority and OLEA is here to accompany you on this journey. Contact us to find out how we can help you strengthen your digital security and protect the future of your business. info@olea.africa


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