PHOTO: REUTERS[SINGAPORE] Losses tied to floods in South-east Asia may grow as much as 1,000 per cent in the coming years, due to the rise of extreme weather events, said insurance broker Willis Towers Watson (WTW). Countries in South-east Asia consistently rank among those most vulnerable to such risks, with the Philippines, Myanmar and Vietnam among the 10 nations most affected by climate change in 2024, said Germanwatch, an independent human rights organisation. In other findings, the WTW report stated that natural catastrophes caused more than US$100 billion in insured losses in 2025. This is a decrease of US$40 billion from 2024, as no hurricane made landfall in the US in 2025. Even so, 2025 marked the sixth time catastrophe losses have exceeded the US$100 billion threshold.