Page 33 - NewTech Insurance PR REPORT - March 2024
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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.

        NewTech Insurance offers reliable and bespoke insurance packages that cater to the specific requirements
        and demands of individuals and organisa ons. In addi on to recording significant business growth in the
        previous year, the company has explored numerous innova ve technologies and hired new personnel, both
        of which have helped to improve the organisa on’s market intelligence and service standards. Advanced
        medical insurance plans, services, and products are an important source for UAE-based companies that are


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