Page 20 - NewTech Insurance PR REPORT - March 2024
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services that are flexible, reasonable, and reliable. The company also
recently hosted an event in association with NHRDN addressing HR
leads of the region on navigating the health insurance sector in the
UAE.
Arvind K ashyap, CEO of NewT ech Insurance Brokers, stated: “We
are extremely proud of the figures we have achieved last year, in
terms of business KPIs and metrics as well as client renewal rate. We
look forward to further serving the MENA region in line with our
ambitious plans to reach a larger audience through the provision of
more advanced cutting-edge services. At NewTech Insurance, we
adopt an empathetic and compassionate approach, which helps us
better understand customer requirements and concerns as well as
treat them with the respect and care they deserve, enabling us to
deliver personalised solutions catered to their specific
circumstances. Through this approach, we also guarantee insurance
services of the highest quality for the MENA region as well as support
the UAE’s mission to protect and safeguard all its citizens.”
As the UAE economy is growing, the need for different types of
insurance has increased. In response to growing demand, the number
of medical professionals as well as insurance companies and services
in the UAE has quadrupled, significantly expanding the country’s
healthcare infrastructure in recent years. Reports indicate a
substantial focus on health and life insurance within the UAE’s
insurance sector, with the healthcare insurance market projected to
reach USD 19.6 billion by 2030 from USD 10.131 billion in 2022.
Growing population, increasing healthcare costs, significant
technological advancements, and government support are the major
factors driving this growth in the country’s insurance sector.
NewTech Insurance offers reliable and bespoke insurance packages
that cater to the specific requirements and demands of individuals
and organisations. In addition to recording significant business
growth in the previous year, the company has explored numerous
innovative technologies and hired new personnel, both of which have
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