Page 27 - NewTech Insurance PR REPORT - March 2024

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

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.”

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 substan al 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 popula on, increasing healthcare costs, significant technological advancements, and government
support are the major factors driving this growth in the country’s insurance sector.

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