There may be lies, damned lies and statistics — but when it comes to casualty data, there are also "alternative" facts.
Nordic Association of Marine Insurers (Cefor) actuary Astrid Seltmann has cautioned aficionados of marine claims statistics to be aware of terminology, as "alternative" facts are available from different sources.
The insurance market considers a major claim to be an extraordinarily expensive casualty costing more than $5m.
