OLEA is in Congo with its subsidiary Olea Congo

Olea, the panafrican
insurance broker



President Managing Director: Philippe BAILLE



After studying law, Philippe began his career in 1983, as a production advisor at MACIF ASSURANCES, before taking charge the direction of an agency from 1988 to 2001. In 2002, Philippe joined Gras Savoye in the Congo, he created in 2005 Gras Savoye Democratic Republic of Congo which he will also occupy the direction In 2013, he left Gras Savoye to manage his own oil servicing company. Philippe is now responsible for the installation, deployment and development of Olea Congo.


The Subsidiary 

  • Date of creation: 2013
  • Address: Place des Amoureux Pointe Noire - République du Congo
  • Number of employees: 4
  • Spoken languages: French – English
  • Contact: congo@olea-assurance.com




Natural Resources


Media & Communication Technologies







Country Information


- Population: 4,2 millions
- GDP per Capita: 1 855$
- GDP's growth in 2017: -1,9%
- GDP's growth in 2018: 2,8% (prev) 



(source www.coface.com)


Strengths of the Economy


- Abundant natural resources (oil, iron ore, potassium, phosphates, wood) and agricultural potential
- Potential for diversification of the economy with the opening of free zones


(source www.coface.com)



Insurance Market


- Size of the Market in million:

70 173,7 - 141,9 USD
- Insurance Penetration Rate (% of the GDP): 1,03
- 8 non-life insurance companies and 9 life insurance companies


(source www.axco.co.uk)




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