OLEA is in Kenya with its subsidiary Koolridge

LinkedIn OLEA
Olea, the panafrican
insurance broker



Managing Director: Herbert OCHOLI



Herbert has over 30 years experience of Insurance broking during which he managed portfolios for local Corporates and Multinationals.

From 1987 he worked at Jardine Sassoon Insurance Brokers where he remained for 9 years as Broking Director. He was recruited in 1996 at Minet Insurance Brokers in Uganda where he held the position of General Manager. He was relocated to Aon Minet in Nairobi in 1998. In 2000, he joined Eagle Africa Insurance Brokers as Divisional Director for 13 years.


He was CEO for Starlit Insurance Brokers before he founded Koolridge Insurance Broker in 2014. Herbert has A BBA and MBA graduate of Newport University, SA.

Professionally, he is an Associate of International Institute of Safety & Risk Management; Faculty of Risk Management, Australian & New Zealand Finance & Insurance Institute; Insurance Institute of Kenya, and he is a Chartered Insurance Practitioner


The Subsidiary 

  • Date of creation: 2014
  • Address: 2nd Floor, The Westwood, Ring Road Parklands, Westlands
  • Mailing address: P.O. Box 42851 - 00100, Nairobi, Kenya
  • Telephone: +254 742005044
  • Number of employees: 7
  • Spoken languages: English / Swahili / French
  • Contact: inquiries.oleakenya@olea.africa




Aviation & Aerospace




Real Estate




Country Information


- Population: 45,5 million
- GDP per Capita : 1 552$
- GDP's growth in 2017: 4,8%
- GDP's growth in 2018: 5,2% (forecast)


(source www.coface.com)


Strengths of the Economy


- East Africa’s leading economy
- Pivotal role in the East African Community, the leading African common market
- Diversified agriculture and expanding services sector (telecommunications and financial services)
-Improved business climate
- Dynamic demographic and emerging middle class


(source www.coface.com)



Insurance Market


- Size of the Market in million : 1 919 USD
- Insurance Penetration Rate (% of the GDP): 2,83



(source www.axco.co.uk)




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