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Taiwan
Intelligence for Better Decision Making
Wugu Explosions
April 23, 2024 | Indirect Indicator- There were multiple explosions in the Wugu District of New Taipei City, causing local residents to panic.
- The explosions originated from a man throwing a dragon cannon at the community gate from a moving vehicle.
- The New Taipei Fire Department and police force quickly responded to the incident; the fire department dispatched several fire trucks to the area.
- The individual involved was a 34-year-old man, Li, who was drunk at the time of the incident.
- Li admitted to perpetrating this act due to a dispute over a car rental with residents in the affected community.
- The police charged Li with public endangerment due to potential fire hazard and threats to public safety posed by his actions.
- The police and fire brigade managed to identify the involved vehicle and suspect through surveillance footage.
- The incident took place at midnight in front of a community building on Xincheng 6th Road.
Hualien Earthquake Impact and Response
April 11, 2024 | Indirect Indicator- There is a proposal to increase the insurable amount for basic residential earthquake insurance following a severe earthquake in Hualien.
- Legislators have called for an adjustment to the upper limit of current earthquake insurance coverage to reflect rising construction prices.
- The Financial Supervisory Commission has stated that any increase in insured amount would require comprehensive assessment and is seeking a viability study from the Earthquake Fund.
- Due to strict claim settlement rules, many people surrender their basic earthquake insurance policy after paying off their loans.
- The Financial Supervisory Commission is promoting commercial earthquake insurance for those with a need to transfer risk.
- The Commission is also aiming to boost the rate of basic residential earthquake insurance through publicity and discussion of measures.
- 472 policyholders' houses were damaged during the Hualien earthquake with 15 suffering total losses, leading to RMB 25.5 million in compensation claims.
- Fifteen property and casualty insurance companies insured the damaged houses with four overseeing total loss claims.
- Whether to increase the claim limit for earthquake insurance will require further discussion and assessment of factors such as overall losses, the need to transfer risk, and policyholder affordability.
- Commercial insurance can currently be used to cover any amount exceeding the basic insured amount of 1.5 million yuan.
- Following the Hualien earthquake, Mingtai Property & Casualty Insurance Company provided insurance payouts of 200,000 yuan to displaced households.
Monitored Intelligence for Taiwan - Jan. 25, 2024
News
Media
813
Government
Releases
54
City/State
Releases
0
Embassy
Releases
3
Foreign
Service
Advisories
0
Service
Advisories
0
Academic/
Think
Tank
2
Think
Tank
2
Podcasts
0
Videos
0
Social
Media
0
Business
Releases
7
Erudite Risk takes an all risks approach to intelligence reporting. We categorize key intelligence into one of 40 different risk intelligence categories.
The goal is to provide intelligence that allows decision makers to avoid being blindsided by what they may have missed, while informing them to make better decisions as well.
Risk Categories Reported on Today
Risk Category
Items Reported On
Extreme Weather Events
6
Protest, Demonstration, Dissent
3
Crime
11
Cyber Attacks and Data Loss
1
Accidents
4
Geopolitical Conflict and Disputes
8
Epidemics and Pandemics
4
Strikes and Work Stoppages
9
Corporate Corruption or Fraud
7
Supply Chain Issues
4
Natural Disasters
1
Shifting Geopolitical Alliances
2
Regulatory Enforcement Actions
3
Political Scandal or Corruption
3
Climate Change
1
Erudite Risk also includes operations categories so you can monitor the environment for better decision making. Everything is tied together--what happens in risk affects operations and what happens in the market impacts risk profiles.
We categorize key intelligence into one of 30 different operations intelligence categories.
Different roles and functions within the organization can monitor different key issue areas. HR may monitor employment, wages, regulations, labor and management relations, etc., while P&L leaders may monitor overall developing trends.
Operations Categories Reported on Today
Operations Category
Items Reported On
Real Estate
7
Energy Prices
2
Asset Price Change
14
Tech Development/Adoption
10
Political Policy Resistance
2
Operating Results
1
Politics and Elections
5
Economic Growth
4
Legal Exposure
1
Wages and Compensation
1
Bizdev-Partnering
3
Employment
4
Initiative
1
Budgets-Budgeting
1
Unemployment
1
Trade Issues and Numbers
1
Taxes
1
Investor Sentiment
1
China ramping up space power to deter US: expert
Taipei Times | English | News | April 29, 2024 | Geopolitical Conflict and Disputes
China is rapidly enhancing its space capabilities to deter the US and its allies, with a focus on precision strikes on Taiwan and extending the range of its ballistic missiles. The Chinese Peoples Liberation Army (PLA) has significantly increased its intelligence, surveillance, and reconnaissance satellites, as well as the development of the Signal Support Force. This buildup of space power aims to make it more challenging and costly for the US and allied forces to operate in the Indo-Pacific region.
Chinese jets fly sorties over Taiwan strait in show of force as US delegation departs
The Guardian | English | News | April 29, 2024 | Geopolitical Conflict and Disputes
Summary: Chinese warplanes flew sorties close to Taiwan after US Secretary of State Antony Blinken left Beijing, urging China to stop supplying Russian defense industry or face sanctions. Xi Jinping accused the US of interfering in Chinese affairs and supporting Taiwanese independence. The US passed a military aid bill for Taiwan, leading to Chinese military activity in the Taiwan strait. Despite tensions, both countries agreed to dialogue on AI risks and combating fentanyl trafficking.
KMT proposes OAC demarcate restricted waters off Taiwan
Taipei Times | English | News | April 29, 2024 | Geopolitical Conflict and Disputes
KMT lawmaker proposes transferring authority to demarcate prohibited and restricted waters off Taiwan from the defense ministry to the Ocean Affairs Council in order to enhance law enforcement. The proposal aims to de-escalate tensions and assert Taiwan's sovereignty over the overlapping waters. However, Mainland Affairs Council Deputy Minister believes the proposed amendment would not make much difference as the prohibited and restricted waters have been enforced for over three decades based on a tacit understanding between Taiwan and China.
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