Page 22 - NewTech Insurance PR REPORT - March 2024

NewTech Insurance Brokers enriches customer experiences, records 90% client renewal rate and 35% growth in business KPI…

NEWTECH INSURANCE BROKERS ENRICHES CUSTOMER EXPERIENCES, RECORDS 90% CLIENT RENEWAL RATE AND
35% GROWTH IN BUSINESS KPIS

Main News

The company remains commi ed to offering advanced customisable, affordable and reliable insurance products to
individuals and corporates
Reports state that the UAE insurance sector places a substan al focus on health and life insurance, with the market

projected to reach USD 19.6 billion by 2030 from USD 10.131 billion in 2022

UAE, March 05, 2024

NewTech Insurance Brokers, a licensed and regulated insurance brokerage powerhouse in the UAE, recorded a
remarkable business growth in the fiscal year 2023 with a surge of over 35 per cent in key performance indicators
(KPIs) and a renewal client rate exceeding 90 per cent.

This achievement further solidifies the company’s posi on as a trusted partner in the UAE’s insurance landscape,

par cularly within the healthcare sector, with a comprehensive range of insurance packages, services and products.
With a specific focus on sectors, including health, property, motor, and travel, NewTech seeks to con nue offering an
array of personal and business insurance services that are flexible, reasonable, and reliable. The company also recently
hosted an event in associa on with NHRDN addressing HR leads of the region on naviga ng the health insurance sector
in the UAE.

Arvind Kashyap, CEO of NewTech 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 ambi ous plans to reach a larger audience through the provision of more advanced
cu ng-edge services. At NewTech Insurance, we adopt an empathe c and compassionate approach, which helps us
be er understand customer requirements and concerns as well as treat them with the respect and care they deserve,
enabling us to deliver personalised solu ons 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 ci zens.”
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