There is no doubt that an engine failure at takeoff in a twin is a high risk scenario. But in every other scenario an engine loss is pretty close to a non event. That the accident statistics are similar between singles and twins ignores the huge elephant in the room: that any time an engine fails in a twin it most likely makes it back onto the ground safely and doesn't end up in any statistics. Which is not the case with a single. So the numbers are hugely misleading.