Big Data Is Often Used to Establish Pricing Strategies for Automobile

question 98

True/False

Big data is often used to establish pricing strategies for automobile insurance companies.

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Definitions:

Instinctual Drive

An innate, biological motivator that drives behavior and responses to achieve specific needs.

Incentive

A motivational factor that prompts a person to act in a certain way or pursue a particular course of action.

Innate Goal

An inherent aim or objective that is hardwired into an organism, guiding its behaviors from birth.

Self-actualization

A term originating from humanistic psychology, referring to the realization or fulfillment of one's talents and potentialities, considered as a drive or need present in everyone.