Page 59 - 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…
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 position as a
trusted partner in the UAE’s insurance landscape, particularly 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
continue offering an array of personal and business insurance
services that are flexible, reasonable, and reliable. The company
also recently hosted an event in association with NHRDN addressing
HR leads of the region on navigating 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 ambitious plans to reach a larger audience through the
provision of more advanced cutting-edge services. At NewTech
Insurance, we adopt an empathetic and compassionate approach,
which helps us better understand customer requirements and
concerns as well as treat them with the respect and care they
deserve, enabling us to deliver personalised solutions 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 citizens.”
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 substantial focus on health and life insurance within the UAE’s
insurance sector, with the healthcare insurance market projected to
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