ForeSea can be said to constitute Swedish shipping's aggregate incident and accident database and the events reported in ForeSea constitute real data. Nothing can be more relevant as a starting point in a security assessment. Reports are rather uninteresting if these are not sorted and categorized and made useful for shipowners' safety assessments.
The system is developed by the Swedish shipping industry in collaboration with maritime authorities. As of January 2016, the system is owned and financed by the Swedish Shipowners´ Association. ForeSea is a further development of the former Swedish information system INSJÖ, which over the years had a broad reference group in the shipping industry where among shipping companies, SEKO seafarers, SBF, assurance companies, the seamen's foundation, and shipping companies participated.
Through public funds R&D shipping and grants from foundations, ForeSea has been able to continuously develop. Analysis methodology and risk assessments are areas that are constantly being developed and are given increasing scope within national and international regulatory development, in which theoretical risk analysis models that form the basis for decision-making in the regulatory development processes are developed. E.g. FSA, Formal Safety Assessment, is a methodology established by IMO and is used in virtually all maritime safety decisions. The overall perspective that reflects reality is often lacking, but this picture is provided through the ForeSea system.