Page 56 - NewTech Insurance PR REPORT - March 2024

NewTech Insurance Brokers enriches customer experiences | UAE News 24/7
with NHRDN addressing HR leads of the region on naviga ng the health
insurance sector in the UAE.

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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.

Hitesh Khanchandani, Managing Partner at NewTech Insurance
Brokers, stated: “Our unwavering dedica on to recognising client
requirements and providing unparalleled value is reflected in the success
we recorded the previous year. Through a number of strategic ini a ves
and targeted efforts, we are constantly striving to strengthen our
posi on as a significant player in the region’s insurance sector. Our focus
and commitment have enabled us to guarantee the efficacy of our
services and increase the client renewal rates.”

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