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Angola

OLEA Angola

Managing Director

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Louis Groenewald

Louis began his career in the South African insurance industry in 2005 with an independent broker in Cape Town. In 2011, he joined AIBA as Sales Director for 8 years. In 2018, back in South Africa, he became Group Technical Director, with a focus on South Africa and the search for reinsurance capacity. Since April 2023, he has held the position of CEO of OLEA Angola which rebranded to Olea Angola 1 August 2024.

The Subsidiary

Date Established2010
Employees39
Address

Edificio Bengo, 801A Andar, Belas Business Park, Talatona, Luanda Sul
Emailangola@olea.africa
Languages French English Portuguese

Some Key Figures

Country population: 36.7 Million (2023 census)

GDP per Capita: $2,333.42 (2023)

GDP growth in 2023: 0.9 %

GDP growth in 2024: 2.8 % (forecast)

Major oil production and producer of liquefied natural gas.
Considerable economic potential: diamonds, iron, gold, leather, agriculture, fishing, hydroelectric resources.
International financial support.

Market size: 396.5 Million USD per year

Insurance penetration rate: (as % of GDP) 0.6%

Have a look at our Insurance Solutions

Liability insurance providing protection against claims resulting from injuries and damage to other people or property.
Property & Casuality
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Cover for property damage and/or bodily injury caused by your vehicle, including to third parties.
Motor & Motor Fleets
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Covers all damage likely to disrupt a company's normal operations, including the company's movable and immovable assets.
Asset & Business Interruption
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Business protection against cyberattacks such as system hacking, viruses, and ransomware leading to data blocking and ransom demands.
Cyber
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Insured protection against violence with political or terrorist overtones.
Political Violence & Terrorism
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Insurance cover against losses incurred for your house contents, devices, and vehicles.
Personal Insurance
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Health cover for individuals and employees of companies in various sectors.
Medical Insurance
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Fraud insurance covering a range of risks associated with external, internal, and cyber fraud.
Crime
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Cargo insurance and transport liability protection against financial consequences in the event of loss or damage of goods transported by sea, air, or land.
Transport
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A specified lump sum paid to your dependants in the event of work incapacity due to temporary or permanent disability or death.
Life Insurance
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Want an in-depth understanding?

Have a look at our Specialised Industry Solutions

Protection for mining operations against risks associated with exploration, extraction, and processing of mineral resources.
Mining
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Tailor-made risk management solutions to protect operations from potential hazards.
Manufacturing
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Protecting crops and assets from liabilities due to property damage, fire, death, or injuries on your farms.
Agriculture
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Comprehensive solutions for both local and cross-border operations covering risks associated with logistics, vehicles and transport operations in general.
Logistics & Transportation
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Covers risks inherent in the building process, including professional liability insurance to cover consequences of professional negligence.
Construction & Projects
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Customised solutions for the hydrocarbon sector, covering risks associated with the exploration, production, and distribution of oil and gas products.
Oil & Gas
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Risk management solutions protecting against threats in the ever changing technological environment.
Technology
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Designed to protect against the risks inherent in the travel and tourism industry.
Leisure & Hospitality
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Specialised insurance for collectables and high-risk items.
Diamonds. Specie & Collectables
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Insurance strategies tailored to the financial sector's needs, guaranteeing the security of operations and assets.
Banking
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Specialised insurance solutions for renewable energy projects, contributing to the energy transition.
Renewable Energy
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Insurance coverage specifically geared to the operation of aircraft and risks involved in aviation.
Aviation
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Managing your medical aid claims via 3rd Party Administration.
Third Party Administration (TPA)
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Want an in-depth understanding?
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