Construction projects in Africa are at the heart of the continent's development. Every building, every piece of infrastructure, contributes to economic growth and community wellbeing. However, these projects carry inherent risks, both during construction and after delivery. That's where OLEA, pan-African insurance broker, comes in, with one objective: Ensure the sustainability of every project in Africa.

Why choose OLEA for your construction projects?

Our mission is clear: To enable you to carry out your construction projects with complete peace of mind, whatever the scale. We know that every project, from small buildings to large corporate headquarters, represents a major investment. We understand that what is at stake is not just the delivery of the project, but its longevity. That's why we offer coverage that goes far beyond conventional expectations, ensuring not only the initial construction but also its durability over time.

Tailor-made solutions for every project

When it comes to protecting a construction site, it's essential to understand the risks involved. Which is why we asupported a major player in the telecommunications sector in Côte d'Ivoire in the construction of its head office: A building symbolising modernity, innovation and ecology. For this project, we took out Decennial Civil Liability insurance.

This insurance is crucial, because the risks don't stop when the work is finished. Hidden defects, structural damage or faulty workmanship can appear long after the building has been completed. Decennial Civil Liability insurance protects against these unforeseen events, ensuring that, should a claim occur up to 10 years after acceptance of the work, building contractors are covered.

One of the leaders in road infrastructure development benefits from our expertise, with the implementation of All Risks and Decennial insurance policies, guaranteeing optimum coverage against unforeseen events during and after the construction of bridges and roads in West Africa. (Côte d’Ivoire and Benin).

Another client entrusted us with the implementation of All Risks and Decennial insurance programs to cover its shopping centre, warehouse and factory construction sites across Africa.

Training for better risk management

We know that risk management is essential for every player in the construction industry. To this end, OLEA not only provides insurance solutions, but also specialised training courses. These courses are designed to help construction professionals understand all the risks associated with their projects and how to manage them effectively, so they can anticipate any potential problems. With this in mind, our Benin subsidiary organised a round table on risk management in construction, bringing together owners, contractors and insurers to share best practices and explore solutions.

Because the security of your projects is our priority

To build a solid and secure future, every project must be covered by insurance that is equal to the stakes. By choosing OLEA as your partner, you are opting for expertise, rigour and constant support, to ensure the success and sustainability of your construction projects in Africa.

To find out more about our offers and to benefit from personalised support, please contact Denise Ferreira, our Group Construction Manager: d.ferreira@olea.africa

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.