Experts

Hastings begins hunt for artificial intelligence experts 

Hastings is the latest British insurer looking to invest in artificial intelligence after chief executive Gary Hoffman pledged to hire hundreds of data experts. 

Mr Hoffman said the FTSE 250 company was looking to hire a “few hundred people in the next few years, particularly data analytics people and people involved in AI [artificial intelligence].” 

Insurers are competing to embrace artificial intelligence or machine learning to spot risky behaviour and fight fraudulent claims, with Aviva confirming earlier this year that it was looking to acquire start-ups in this space.  

Mr Hoffman’s comments follow a strong first half for the group, which reported a 22pc boost in profits to £86.5m after cashing in on the rising number of people shopping for a bargain on price comparison websites. 

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