Asia trade tour ‘success’ for telematics firm The Floow

The Floow, a telematics firm chosen to accompany the Prime Minister on his trade mission to Asia, has announced that it has identified a number of potential business opportunities in each of the four South East Asian countries  visited during the trip which took place last week.

The company’s CEO Aldo Monteforte joined David Cameron, four ministers and 30 other handpicked delegates on the business tour across four countries in the South East of the region – visiting Indonesia, Singapore, Vietnam and Malaysia.

The visit saw The Floow’s founder meet with dozens of government officials and business leaders including financial services regulators and insurers promoting the firm’s expertise, and the societal benefits of its telematics platform; specifically in the financial technology sector.

The Floow is an independent company operating without geographical boundaries from its base in Sheffield; currently supporting major global Insurers - including Direct Line Group, RSA, AIG, and AAA – through device-agnostic predictive analytics and digital end-user services that increase customer loyalty.

The business has also built a reputation for excellence in the multi-faceted use of telematics data; for example working in partnership with the University of Sheffield, and in coordination with the European Space Agency, to provide insights into air pollution in South Yorkshire.

The announcement follows further progress for the company in China where they are in the process of incorporating a wholly owned subsidiary and in advanced discussions with a leading potential partner – working closely with UK Trade and Investment (UKTI).

Monteforte said: “The trip was a fantastic opportunity for The Floow; doors were opened for trade opportunities and relationships established. 

“We engaged with leaders who provided deep insights on the current climate in South East Asia and how we can work together.

“The countries we visited can and will bypass technological generations and embrace state of the art products and services of the kind we enable at The Floow. 

“They have the appetite to adopt telematics and have the unbounded energy of large, young populations. 

“They represent ideal markets for the global, advanced technologies we develop in Sheffield, which is becoming the global centre of excellence for telematics data mining and management.”

Speaking on the tour, Cameron said: “Companies like The Floow are flying the flag and unlocking the economic potential of the fast growing economies of South East Asia for Yorkshire.

“I am delighted that they have joined me on my first trade mission of this government and I hope that we can work together to create jobs and growth for the UK.”