Page 60 - 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…
reach USD 19.6 billion by 2030 from USD 10.131 billion in 2022.
Growing population, 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 organisations. In addition to recording significant business
growth in the previous year, the company has explored numerous
innovative technologies and hired new personnel, both of which
have helped to improve the organisation’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 exceptional and top-notch
services.
Hitesh Khanchandani, Managing Partner at NewTech Insurance
Brokers, stated: “Our unwavering dedication to recognising client
requirements and providing unparalleled value is reflected in the
success we recorded the previous year. Through a number of
strategic initiatives and targeted efforts, we are constantly striving to
strengthen our position 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.”
Additionally, the company is also exploring new insurance products
that are yet to gain prominence in the Middle East and North Africa
(MENA) region, such as parametric travel insurance, which is very
popular in the Western countries. With these solutions, the company
aims to advance the insurance sector in the UAE and provide
individuals and businesses with access to top-notch insurance
services.
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