OLEA, the panafrican insurance broker has operation in Gabon

Gabon

GECAR SA ASSURANCES

Managing Director: Aldo GIGLIO

Biography:

Holder of a BTS of Management, Aldo began his career in 1983 as an account executive with the company GAN for Industrial risks in Property and Liability as well as Life insurance and then he joined the brokerage firm ASTRAL in Nice in 1984 as a commercial specialized in Health Insurance. He moved to Gabon in 1995 to create and manage the brokerage firm GECAR.

The Subsidiary

Date of creation: 1995
Address: BP 409 Libreville
Number of employees: 22
Spoken languages: French - English
Contact: gabon@olea-assurance.com

Expertises

Natural Resources

Media & Communication Technologies

Transport

Industrial Risks

Country Information

- Population: 1,9 millions
- GDP per Capita: 7 453 $
- GDP's growth in 2017: 0,8%
- GDP's growth in 2018: 2,7% (prev)

(source www.coface.com)

Strengths of the Economy

- 5th largest oil producer in sub-Saharan Africa; 2nd African producer of wood; rank of 1st world producer of coveted manganese
- Efforts to diversify the economy undertaken under the "Emerging Gabon" plan
- Stability of the CFA franc

(source www.coface.com)

Insurance Market

- Size of the market in million:

116 758,11 XAF - 197,4 USD
- Insurance Penetration Rate (% of the GDP): 1,38
- 7 non life insurance companies

(source www.axco.co.uk)

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