Page 44 - NewTech Insurance PR REPORT - March 2024

NewTech Insurance Brokers enriches customer experiences
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 seeking to
draw and retain talents. The vast array of services offered by NewTech Insurance is expected to advance the
insurance sector and provide individuals with access to excep onal and top-notch services.

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