Hong Kong was hit by flash flooding on Wednesday as the outer band of Typhoon Sarika brought heavy rain and strong winds to the Special Administrative Region.
Insured losses from September typhoon Meranti could reach $1.15bn (£850m) according to catastrophe modeling firm AIR Worldwide.
Experts agree there are a host of insurance opportunities across Asean's fast growing markets.
Asia-Pacific is a region of vast diversity - culturally, geographically and economically - offering great opportunities for independent brokers writes Sid Garcia.
Investment firm BP Marsh & Partners has acquired a 20% stake in Singapore-headquartered Asia Reinsurance Brokers for S$2.4m (£1.2m).
Global broker Jardine Lloyd Thompson's pre-tax profit fell 7% to £170.1m in 2015 compared with the 2014 fiscal period.
Axa's property and casualty gross written premiums in Asia exceeded €1bn (£789m) in 2015 for the first time.
Australian insurance giant QBE saw rates softening on average 3.4% in Asia-Pacific (excluding Australia and New Zealand) in 2015 as competition intensified across the region.
The insurance regulator in the Philippines is expecting premium growth of 28% this year.
Swiss Re is predicting robust growth across Asia for general insurance over 2016 and 2017 despite economic headwinds.
Axa Philippines has bought Charter Ping An from GT Capital as it extends into property and casualty insurance.
According to catastrophe modeling company JBA Risk Management population increases in four major Asia cities will lead to a large rise in flood risk exposure.
Ageas CEO Bart de Smet has said the insurer is interested in expanding in Asia's less developed markets.
The real value of motor insurance markets in the UK and Italy are likely to decline over the next few years, as emerging Asian markets continue rapid expansion, according to Finaccord.
Ageas has sold its Hong Kong division to China's largest private equity firm JD Capital for HK$10.7bn (£895m).
Sydney-headquartered QBE saw a 24% rise in first half after tax profits to $488m (£331m) compared with $392m in the first half of last year.
At least 20 people have died and over 100 have been injured following a bomb explosion yesterday in central Bangkok.
Last weekend's powerful Typhoon Chan-hom has left a trail of destruction mainly across Zhejiang province in China.
Aon has identified the 10 countries where the vast majority of global terrorist attacks occur.
Hong Kong based reinsurer Peak Re and the Shanghai Typhoon Institute are partnering for research projects into the impact of tropical cyclones on the insurance market.
The Philippines' 65 general insurance companies profits in 2014 climbed to 2.4bn pesos (£35.4m) up 192% from 822m pesos of profit in 2013.
Financial comparison site Compare Asia Group is set to expand after it raised $40m (£26.6m).
Ratings agency AM Best has opened its second office in Asia-Pacific after opening one in Hong Kong sixteen years ago.
Nine brokers, insurers and reinsurers are combining in an attempt to add scale and reduce distribution costs of microinsurance.