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

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

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Big data is commonly used by automobile insurance companies to analyze driving patterns, accident statistics, and other factors to determine the appropriate pricing strategy for different types of customers. This allows them to offer competitive rates while also minimizing their risk of losses.

Big Data Is Often Used to Establish Pricing Strategies for Automobile