The following claims report is based on real auto insurance data from one of our clients:

This report caught the attention of the Risk Management department, seeing that the accident rate dropped repeatedly in February. They did not know of any type of seasonality or of any important change in the number of insured cars.

After analyzing the results, they concluded that the extraordinary result for February was due to the fact that there is less exposure in February because it only has 28 days. Although the number of insured cars or policies was stable in the months of January – February – March, the number of days was not. This may seem insignificant, but March and January have 31 days, that is, 10% more exposure days
than February.

* In the years 2020-2021 the statistics were altered by the Covid