OLEA Insurance Solutions

What OLEA Insurance Solutions does

OLEA Insurance Solutions is a Paris-headquartered, pan-African insurance brokerage and risk management firm operating through 27 wholly-owned subsidiaries and 12 partner brokers across North, West, Central, East, and Southern Africa, with three regional hubs in Abidjan, Nairobi, and Johannesburg. Founded in 2017 by Olivier Canuel (Group CEO) and Olivier Dubois (Executive Chairman) — both with 30+ years of African insurance brokering experience — the firm has scaled from three initial markets to 27 countries via 17 brokerage buyouts and 10 greenfield subsidiaries, including the 2019 acquisition that formed OLEA Tunisia and the announced February 2025 acquisition of Marsh Uganda and Marsh Botswana.

The company earns commission and fee revenue by placing insurance and reinsurance on behalf of business enterprises, international groups, and international brokers without African presence, while also providing technical and financial contract management, regulatory compliance, and Third Party Administration (TPA) of medical claims. In 2025, OLEA placed over $400M in premiums, generating $55M in net revenue across 400+ international programmes, and managed 900+ employees in 11+ languages. Its proprietary digital stack — the Risk Manager, Health, Motor Fleet, and Transport Extranets, the OLEA Health mobile application, an electronic Document Management System, and an API-based online insurance platform — enables 24/7 multi-country consolidation and reporting for enterprise clients.

OLEA's go-to-market combines enterprise field sales through country-level Managing Directors (90% of whom are equity holders in their subsidiaries), a channel of 12 partner brokers extending reach into Burundi, Ethiopia, Nigeria, DRC, and other markets, and strategic engagement with international broker partners, Japanese trading houses (e.g., Toyota Tsusho at TICAD 2025), and training institutions (e.g., IFAGE in Senegal). Specialty coverage spans mining, oil and gas, banking, aviation, renewables, and construction, alongside standard lines such as Property & Casualty, Motor, Cyber, Health, and Political Violence & Terrorism. The company is privately held with no disclosed institutional funding, is POPI-compliant in South Africa, and was awarded the International Development Prize at REF 2025 in Brazzaville.

Name

OLEA Insurance Solutions

Legal name

OLivier Et Associés (OLEA)

Website

https://olea.africa

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

101–250 employees

Short description

OLEA Insurance Solutions is a Paris-headquartered, pan-African insurance broker operating through 27 subsidiaries and 12 partner brokers across North, West, Central, East, and Southern Africa, placing $400M+ in premiums and generating $55M net revenue in 2025. It serves enterprise clients, international groups, and brokers via proprietary extranets and a Pan-African Direct Billing Solution.

Ownership category

akta.pro rank

Product category

Insurance Brokerage

NAICS

Insurance Agencies and Brokerages (524210)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Insurance Program Administration & MGA/MGU Services (FSAEADAK)

Keywords

• Insurance brokerage services
• Risk management solutions
• Reinsurance placement
• Employee benefits administration
• Pan-african insurance

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Insurance and Reinsurance Brokerage Commissions: OLEA earns commissions by placing insurance and reinsurance policies for clients across Africa. The company acts as a broker intermediary between clients and insurers, earning a percentage of premiums placed. In 2025, the company placed over $400M in premiums.
2. Technical and Financial Management Services: OLEA provides technical and financial management of insurance contracts, legal monitoring, compliance support, multi-country tender management, and coordination of insurance programmes and policies. These managed services represent an additional revenue stream.
3. Health Claims Administration (TPA): OLEA manages medical aid claims via Third Party Administration (TPA), providing healthcare administration services to corporate clients.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

OLEA Insurance Solutions is a pan-African insurance broker that places insurance and reinsurance coverage on behalf of corporate clients, international groups, and international brokers across 27 African countries through 27 subsidiaries and 12 partner brokers. The brokerage is supported by a proprietary suite of digital management tools — including dedicated Health, Risk Manager, Motor Fleet, and Transport Extranets, a mobile application, an Electronic Document Management System, and an API-based online insurance platform — enabling real-time reporting, multi-country consolidation, and cross-border direct billing. In 2025 the firm placed over $400M in premiums and generated $55M in net revenue.

Product overview

OLEA Insurance Solutions is a pan-African insurance broker offering a unified digital platform with multiple extranet modules (Health, Risk Manager, Motor Fleet, and Transport Extranets) complemented by a mobile application (OLEA Health), an Electronic Document Management System, and API-based online insurance capabilities. The platform enables real-time 24/7 customized reporting, multi-country consolidation, and digitalized onboarding. Alongside these digital tools, OLEA provides a comprehensive portfolio of insurance products including Liability, Property & Casualty, Motor, Cyber, Political Violence, Personal, Medical/Health, Crime, Transport, and Life Insurance, as well as specialized industry solutions for Mining, Manufacturing, Agriculture, Logistics, Construction, Oil & Gas, Technology, Leisure & Hospitality, Diamonds & Collectables, Banking, Renewable Energy, Aviation, and Third Party Administration services. The company operates across 27 African countries through subsidiaries and 12 partner brokers.

Differentiator

Problem solved

Functional benefit

Brands

• OLEA Health: Health insurance management platform including HRM extranet, health statistics extranet, and mobile application for employee healthcare management
• OLEA Impact
• OLEA Advisory

Products and services

• Liability Insurance Liability insurance providing protection against third-party claims for injuries and property damage, distributed through OLEA's pan-African broker network to enterprise and individual clients.
• Property & Casualty Insurance Coverage for property damage and bodily injury, including damage that could disrupt company operations and protection for movable and immovable assets, for businesses operating in Africa.
• Motor & Motor Fleets Insurance Motor insurance covering property damage and bodily injury caused by vehicles, including third-party liability, with a dedicated Motor Fleet Extranet for fleet management and claims processing.
• Cyber Insurance Business protection against cyberattacks including system hacking, viruses, and ransomware leading to data blocking and ransom demands, for organizations operating across African markets.
• Political Violence & Terrorism Insurance Insurance protection against violence with political or terrorist overtones, relevant for enterprises operating in higher-risk African jurisdictions.
• Personal Insurance Personal insurance coverage against losses for house contents, devices, and vehicles, available to individual clients across OLEA's African footprint.
• Medical / Health Insurance Health insurance coverage for individuals and employees of companies across multiple African sectors, supported by OLEA Health digital tools and the Pan-African Direct Billing Solution.
• Crime Insurance Fraud insurance covering risks associated with external, internal, and cyber fraud, for businesses operating in African markets.
• Transport Insurance Cargo insurance and transport liability protection against financial consequences arising from loss or damage of goods transported by sea, air, or land.
• Life Insurance Life insurance providing a specified lump sum paid to dependants in the event of work incapacity due to temporary or permanent disability or death.
• Specialized Mining Insurance Protection for mining operations against risks associated with the exploration, extraction, and processing of mineral resources across African markets.
• Specialized Manufacturing Insurance Tailor-made risk management solutions to protect manufacturing operations from potential hazards across African jurisdictions.
• Specialized Agriculture Insurance Crop and asset protection from liabilities due to property damage, fire, death, or injuries on farms across African markets.
• Specialized Logistics & Transportation Insurance Comprehensive solutions for local and cross-border operations covering risks associated with logistics, vehicles, and transport operations across Africa.
• Specialized Construction & Projects Insurance Coverage for risks inherent in the building process, including professional liability insurance for consequences of professional negligence in African construction projects.
• Specialized Oil & Gas Insurance Customized solutions for the hydrocarbon sector covering risks associated with exploration, production, and distribution of oil and gas products in Africa.
• Specialized Technology Insurance Risk management solutions protecting against threats in the technology environment for technology companies operating across Africa.
• Specialized Leisure & Hospitality Insurance Insurance designed to protect against risks inherent in the travel, tourism, and hospitality industries across African destinations.
• Specialized Diamonds, Specie & Collectables Insurance Specialized insurance for collectables and high-risk items in the diamond, specie, and valuables segment across African markets.
• Specialized Banking Insurance Insurance strategies tailored to the financial sector's needs, guaranteeing security of operations and assets for banks operating in Africa.
• Specialized Renewable Energy Insurance Specialized insurance solutions for renewable energy projects contributing to the energy transition across African markets.
• Specialized Aviation Insurance Insurance coverage specifically geared to aircraft operation and risks involved in aviation across African markets.
• Third Party Administration (TPA) Health Claims Management Third Party Administration services for managing medical aid claims, providing healthcare administration services to corporate clients across Africa.
• OLEA Health Extranet Digital platform enabling real-time monitoring, control and administration of employees' health insurance contracts worldwide, with features for beneficiary management and automated onboarding.
• OLEA Motor Fleet Extranet Innovative platform simplifying fleet management and claims processing, offering modern, efficient and collaborative tools for managing car fleets and claims.
• OLEA Risk Manager Extranet Dedicated customer and Risk Manager extranet providing 24/7 real-time customized reporting, multi-country consolidation, and quick electronic access to policies and claims.
• OLEA Transport Extranet Digital management tool for transport insurance operations, enabling coverage management for cargo and transport liability protection across African operations.
• OLEA Health Mobile Application Mobile app enabling employees to request and track reimbursements, check health cover benefits and clauses, find healthcare networks, and monitor medical benefits.
• Pan-African Direct Billing Solution Innovative cross-border healthcare billing solution enabling seamless access to healthcare services across African countries for mobile employees and expatriates.

Quantifiable outcome

• $400M+ premiums placed across Africa in 2025
• +3 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Toyota Tsusho CorporationcoreStrategic or Co-development Partner · 20 August 2025OLEA Group CEO Olivier Canuel and CEO East & Southern Africa Vincent de Charnacé participated in TICAD 2025 (Tokyo International Conference on African Development) held in Yokohama, Japan, alongside Toyota Tsusho Corporation. The two organizations discussed strengthening synergies for Africa. Toyota Tsusho is a major Japanese trading company with extensive operations across Africa.
• IFAGE (Institut Interafricain de Formation en Assurance et en Gestion d'Entreprise)coreStrategic or Co-development PartnerOLEA Senegal established a training and education partnership with IFAGE in Senegal. IFAGE alumni already employed at OLEA Senegal initiated the collaboration. The partnership provides ongoing training for OLEA Senegal employees, enables direct recruitment from IFAGE graduates, and allows OLEA to contribute to curriculum development ensuring graduates are trained on market realities. OLEA also intervenes directly at IFAGE on important industry topics.
• Partner Brokers (12 Countries)minorChannel Partner/ Reseller/ DistributorOLEA has established relationships with 12 partner brokers across the African continent covering: Burundi, Ethiopia, Lesotho, Liberia, Madagascar, Malawi, Mauritius, Namibia, Nigeria, DRC, Zambia, Zimbabwe. These partners enable OLEA to serve clients in countries without a wholly-owned subsidiary.

Scale indicators9 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Aon: Aon is a global insurance and reinsurance broker with multi-decade operations across sub-Saharan Africa. It competes with OLEA in large enterprise brokerage, risk advisory, and reinsurance placement, and is a primary alternative for multinationals seeking African coverage.
• Howden: Howden is a fast-growing global insurance broker expanding aggressively in emerging markets including Africa. Its mid-market positioning, entrepreneurial culture, and growth-by-acquisition strategy make it one of the closest strategic analogs to OLEA.
• Arthur J. Gallagher (AJG): Arthur J. Gallagher is a major global insurance broker with a growing presence in Africa, focused on commercial and specialty lines. It overlaps with OLEA in enterprise insurance brokerage, risk management consulting, and cross-border programme servicing.
• Willis Towers Watson (WTW): WTW is a global insurance and reinsurance broker with established African operations targeting multinational and large-enterprise clients. It competes directly with OLEA in cross-border programme placement, employee benefits, and risk advisory across African markets.
• Lockton: Lockton is the world's largest privately held insurance broker and is actively expanding in Africa and other emerging markets. Like OLEA, it combines a privately held ownership model with a relationship-led, mid-to-large enterprise brokerage proposition.
• Marsh (Marsh McLennan): Marsh is one of the world's largest insurance brokers and has an established African presence competing directly with OLEA for enterprise and multinational clients on the continent. The 2025 sale of Marsh Uganda and Marsh Botswana to OLEA illustrates direct head-to-head overlap in African markets.

Others

• Africa Re: Africa Re is the continent's leading African reinsurer, headquartered in Nigeria. It is a key reinsurance counterparty for brokers like OLEA placing facultative and treaty business, and serves as both a partner and an indirect competitor in shaping African reinsurance placement.

Broad incumbents

• Hollard Insurance Group: Hollard is one of South Africa's largest insurance groups with operations across multiple African markets spanning both underwriting and distribution. It is a broad incumbent in the African insurance value chain, overlapping with OLEA as both a carrier relationship and a potential competitor for corporate clients.
• Old Mutual: Old Mutual is a large pan-African financial services group with insurance, investment, and wealth operations across multiple African markets. As a broad incumbent, it competes with OLEA for corporate insurance and employee benefits clients and shapes the carrier-side competitive landscape.

Regional players

• Alexander Forbes: Alexander Forbes is a South Africa-headquartered financial services group offering insurance brokerage, employee benefits, and wealth management across sub-Saharan Africa. It is a regional peer with overlapping services in employee benefits and commercial insurance brokerage.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@OLEAInsuranceSolutionsAfrica
• Facebookfacebook.com/OleaInsuranceSolutionsAfrica
• LinkedInlinkedin.com/company/oleainsurancesolutionsafrica

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries27 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about OLEA Insurance Solutions