Following legal proceedings instituted against them by various large companies, insurance brokers are breaking out of their hinges. Via the Association of Insurance Intermediaries and Entrepreneurs in Morocco (IAEA), they officially announce their intention to lift, from tomorrow, Thursday, May 6, the protest banners on the facades of their companies and offices.
Insurance brokers, fed up with the series of lawsuits from insurance companies, have decided to take another form of protest which involves hanging protest banners on the storefronts of their companies and offices, from tomorrow Thursday.
This new measure of insurance brokers and entrepreneurs in Morocco comes as a step “to inform public opinion of the extent of the abuse and the injustice practiced against them”, as indicated in a press release. the association which represents them, stressing that this category of entrepreneurs “have suffered for some time from the systematic economic annihilation led by the lobbies of insurance companies”.
These disputes and disputes between brokers and insurance companies have grown to such an extent that the Association of Insurance Intermediaries and Entrepreneurs in Morocco said it had met on April 28 with officials from the prosecution. On this occasion, she presented them in detail certain aspects of the relationship between brokers and insurance companies, in addition to examples of “fraudulent methods and falsification of data and documents submitted by most of the managers of insurance companies. ‘insurance before the courts ”.
Younes Boubkri, president of the IAEA, moreover confirmed to Hespress, that “the relationship between the company and its agents is civil and that it is therefore, in accordance with the law, subject to the jurisdiction of the commercial courts, in cases of litigation and not those of first instance ”.
And to add: “It is precisely because these insurance companies have resorted to lawsuits against brokerage agents before the courts of first instance that we are reacting. And it is for this reason that in the hope of our fairness, our presentation to the presidency of the prosecution includes important details with exact data and supporting evidence.
Boubkri goes even further by citing the example of a certain insurance company which resorted to double lawsuits and before the courts of first instance, and at the same time of commerce, against the brokers, demanding financial compensation. of 250 million DH centimes for each of the courts.
In addition, the IAEA also focused in its presentation to public prosecutors on a number of cases that had sent insurance brokers to jail over “malicious breach of trust complaints”. In this sense, the Association referred to the case of the subsidiary of the German company, Allianz, noting that insurance companies resort to competition with intermediaries “in a manner that is unethical and in accordance with the principles of free competition. and loyal, and thus exhaust their financial resources to end their continuity and existence ”. For his part, Younes Boubkari thunders: “Companies are eliminating intermediaries by intimidating them in order to take control of the market”.