What is it about?

A novel model for assessing loss from ship source oil spill in the Arctic

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Why is it important?

The model developed is critical for insurance premium calculation, emergency response, and planning for oil spills in the Arctic environment.


I hope this article will set the ground work for Arctic insurance and make shipping in the Arctic safer.

Mawuli Afenyo
Texas A&M University System

Read the Original

This page is a summary of: A Bayesian‐loss function‐based method in assessing loss caused by ship‐source oil spills in the arctic area, Risk Analysis, September 2022, Wiley,
DOI: 10.1111/risa.14025.
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