If such large claims are won, similar cases may follow suit, and the pricing logic in the credit insurance industry will also need to be recalculated.

Singapore real estate tycoon Ching Chiat Kwong is pursuing a US$1.27 billion claim against major international banks and credit insurers over the 2015 collapse of Australian satellite company NewSat Ltd., in which he invested US$100 million of his own money. The Supreme Court of Victoria will