Earthquake Risk Transfer for Taiwan

Earthquake Risk Transfer for Taiwan; Short-term earthquake loss
Fig.1 - Taiwan is covered by Earling to issue accurate EPAs, which can be followed by a significant earthquake.

Taiwan has resulted from an on-going collision between the Luzon volcanic arc, the continental margin of South China. We attempt at providing new insights about the earthquake behavior by continuously monitoring ground shaking patterns in North, South, East, and West of Taiwan. Since July 2018 Earling network has been able to analyze millions of records of ground shaking each month to generate local models that cause an earthquake in the region utilizing artificial intelligence algorithms. Now, as a result, we are able to issue preparedness alert from hours to days before an earthquake happens to people and authorities. About 3 weeks after the latest light intensity earthquake, which rock one of the most populated regions of Taiwan, a preparedness alert issued by Earling for the region, 4 days before an M4.2 earthquake, shake the center of Taiwan.

EPA Effect on Taiwan Probable Maximum Loss

Fig.2 Probable Maximum Loss - Mean return period in Taiwan (Taiwan Disaster & Risk Profile, 2014). Taiwan earthquake Average Annual Loss is $2,702.02 million.

Taiwan short-term expected earthquake loss

Earthquake risks need to be transferred? download the report.