Morocco – Strike of insurance brokers
Thursday, 02 22 2018, Category: Insurance and Reinsurance, Country: Morocco
Insurance brokers and agents in Morocco decided to file a suitcase at the administrative court against a new regulation imposed by the Supervisory Authority of Insurance and Social Welfare (ACAPS), which is related to the settlement of premiums to insurance companies.
They decided to launch a protest and close business on February 26th and organize a gathering in front of ACAPS on March 13th.
This was agreed during the annual meeting of the Moroccan Union of Insurance Agents and Brokers. The new regulation is said to have negative implications on intermediaries and creates social and economic problems.