Mauritania Flag

Mauritania

OLEA Mauritania

Managing Director

...
Mohamed Aly Elhilal

An electromechanical engineer graduated from the Polytechnic School of Sousse, Tunisia, Mohamed Aly EL HILAL began his career in the industrial sector by joining Ciment de Mauritanie as Maintenance and Operations Manager. He subsequently joined the Mauritanian Dairy Products Company (SMPL), where he served as Head of Electromechanical Maintenance.

He later specialized in industrial risk insurance and reinsurance by joining DAMANE Assurances as an engineer responsible for underwriting, facultative reinsurance and technical risk assessment.

Throughout his career, he has been involved in the assessment and management of major industrial risks for leading organizations such as SNIM, SOMELEC, as well as several strategic energy-sector infrastructures.

In 2022, he joined SUNU Assurances Mauritanie as Technical Director for Property & Casualty and Life Insurance.

Since 2024, he has been supporting the launch of OLEA in Mauritania. Following the receipt of the necessary regulatory approvals in 2026, he was appointed Managing Director of OLEA Mauritania, where he leads the subsidiary’s development and supports key accounts in addressing their insurance and risk management needs.

The Subsidiary

Date Established2024
Employees5
Address

Ilot C 544, Ksar, Nouakchott – Mauritania - 2nd floor, appartment 204
Emailma.elhilal@olea.africa
Languages English French

Some Key Figures

Country population: 4.9 Million

GDP per Capita: $2120 (2023)

GDP growth in 2023: 6.5 % (2023)

GDP growth in 2024: 6.3 % (forecast)

A certain amount of macroeconomic stability even in challenging circumstances
Mineral resources (iron ore, gold, copper, uranium) and fisheries
Energy potential (gas, green hydrogen)
Relatively significant domestic budgetary resources
Financial support from bilateral and multilateral partners
Much lower jihadist risk than in its Sahelian neighbours

Market size: 32.5 Million USD per year

Insurance penetration rate: (as % of GDP) 0.3%

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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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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