Page 8 - NewTech Insurance PR REPORT - March 2024
P. 8
Press Release
NewTech Insurance Brokers enriches customer experiences, records 90%
client renewal rate and 35% growth in business KPIs
• The company remains committed to offering advanced customisable, affordable and
reliable insurance products to individuals and corporates
• Reports state that the UAE insurance sector places a substantial focus on health and
life insurance, with the market projected to reach USD 19.6 billion by 2030 from USD
10.131 billion in 2022
UAE, March 05, 2024
NewTech Insurance Brokers, a licensed and regulated insurance brokerage powerhouse in the
UAE, recorded a remarkable business 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
