Income Insurance Australia

... helping Australians to secure a prosperous future

Income Insurance Australia :: News

Share this news item!

Innovative Fee Protection for Schools: A New Safety Net

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

360 Underwriting Solutions has marked a significant stride in financial resilience for educational institutions by launching a novel insurance product designed specifically for independent schools.

This new solution addresses a critical gap by safeguarding schools from potential financial disruptions caused by unpaid fees.

Often, schools face financial shortfalls when families experience unforeseen adversities. 360 School Fee Protect aims to alleviate these concerns by offering insurance coverage that kicks in under circumstances like a parent or guardian’s job loss, accidental death, or when a long-term disability strikes. This proactive step empowers schools to maintain financial stability even when external challenges arise.

"This supplementary product exemplifies our commitment to catering to distinct market needs," commented Denis Morrissey, founder and Managing Director of 360. "It not only extends valuable financial assurance to educational institutions but also aligns with our ongoing endeavor to deliver creative and practical insurance solutions."

Underpinned by Lloyd’s Syndicate 4444-and expertly managed by Canopius Managing Agents-the product ensures breadth in risk management. This collaboration with seasoned players in the insurance domain guarantees a robust and reliable safety net for schools.

360 has tapped into the expertise of Johnny Marchant as the executive director responsible for spearheading this initiative. 'In integrating Johnny’s profound industry expertise, we anticipate a successful rollout of 360 School Fee Protect,' stated Jason Clarke, CEO and Director of 360 Australian businesses. 'His acumen is instrumental as we introduce an essential product that promises substantial enhancements to school financial protections.'

Originally reported elsewhere, 360 School Fee Protect represents an innovative pivot toward not just cushioning financial impacts for institutions but also fostering a dependable educational environment. Catching up to evolving necessities, the endorsement of such products underscores the pivotal role of strategic, forward-thinking solutions in educational financing.

Educational institutions stand to benefit immensely from this innovation, ensuring they remain focused on their primary mission-educating students-without financial uncertainties clouding their operations.

Published:Tuesday, 8th Oct 2024
Author: Paige Estritori

Please Note: We do not endorse any specific products or companies. Some content is sourced from third parties, including press releases, and may not be independently verified for accuracy or completeness.

Share this news item:

Insurance News

Surging Insurance Costs Pose Challenges for Australian Retirees

08 Apr 2026: Paige Estritori

Recent reports indicate a significant increase in insurance premiums across Australia, with some policies experiencing hikes of up to 18%. This surge is placing considerable financial pressure on retirees, many of whom are on fixed incomes and find it challenging to accommodate these rising costs. - read more

Australian Insurers Tackle Premium Affordability Challenges in 2026

31 Mar 2026: Paige Estritori

In 2026, Australian insurers are prioritizing premium affordability and insurability as they confront escalating claims costs, climate-related losses, and technology-enabled fraud. According to Gallagher Bassett's 2026 global claims study, these factors are significantly influencing pricing, underwriting, and capital allocation decisions. - read more

Australian Life Insurers Achieve Significant Underwriting Gains in Q4 2025

23 Mar 2026: Paige Estritori

The Australian life insurance sector has reported a substantial underwriting gain of $279 million for the December quarter of 2025, a significant improvement from the $36 million recorded in the same period the previous year. This data, released by the Australian Prudential Regulation Authority (APRA), highlights a notable turnaround in the industry's financial performance. - read more

Record Profits for Australian General Insurers in 2024

23 Mar 2026: Paige Estritori

Australia's general insurance industry has reported an unprecedented after-tax profit of $6.1 billion for the year 2024, marking a significant milestone in the sector's financial performance. This figure is three times higher than the five-year average of $2 billion, according to KPMG's General Insurance Insights report. - read more

IAG Achieves 33% Increase in Insurance Profit Amid Lower Claims

23 Mar 2026: Paige Estritori

Insurance Australia Group (IAG), the country's largest insurer, has reported a 33% increase in its full-year insurance profit, reaching A$606 million for the 12 months ending June 2025. This significant growth is attributed to a combination of reduced claims expenses and strategic premium adjustments. - read more

Click for more Insurance News

Life Insurance Articles

The Essential Role of Income Insurance in Your Financial Plan

An income insurance policy, often referred to as income protection insurance, is a financial safety net designed to provide you with a steady income stream if you're unable to work due to illness or injury. It ensures that you can still support yourself and your family, even when unforeseen medical conditions prevent you from earning a salary. This policy typically covers a percentage of your pre-tax income, helping to alleviate the financial burden during recovery periods. - read more

Income Insurance: Common Misunderstandings that Could Cost You

When life throws unexpected challenges your way, income insurance can be a financial lifesaver. Essentially, it's a policy designed to replace a portion of your income if you're unable to work due to illness or injury. Imagine not having to worry about bills piling up while you focus on recovery. That's the peace of mind income insurance aims to provide. - read more

Income Protection vs. Life Insurance: Why You Need Both

Insurance plays a crucial role in safeguarding our financial future. It serves as a safety net, ensuring that we can manage unexpected events without severely impacting our financial stability. For Australian adults, having the right types of insurance coverage is essential for peace of mind and financial security. - read more

How Income Protection Insurance Can Safeguard Your Financial Future

Income protection insurance is a type of insurance policy designed to replace a portion of your income if you are unable to work due to illness or injury. This financial safety net can help cover essential living expenses, such as mortgage repayments, utility bills, and daily costs, ensuring you maintain your standard of living during tough times. - read more

How to Determine the Right Income Protection Coverage for Your Needs

Income protection insurance is a type of coverage designed to replace a portion of your income if you're unable to work due to illness or injury. - read more

Start Here !

Apply now for your free Insurance assessment and price comparisons!

This website is owned and operated by Clark Family Pty Ltd (ACN 010 281 008) as Trustee for the Clark Family Trust (ABN 35 957 893 714), 43 Larch Street Tallebudgera QLD 4228. Clark Family Pty Ltd is an Authorised Representative (AR 1298860) of Unique Group Broker Services Pty Ltd (AFSL 509434) for financial product referrals and an Authorised Credit Representative (ACR 401491) of Saccasan Pty Ltd (ACL 386297). Check our licensing details on the ASIC registers: Clark Family Pty Ltd ACR, Clark Family Pty Ltd AR, Saccasan Pty Ltd, Unique Group Broker Services.

IMPORTANT: We act solely as an introducer and refer enquiries to licensed third-party brokers, insurers, and lenders. We do not provide financial product advice or credit assistance. We may receive a fee or commission from these third parties in consideration for the referral. Before any action is taken to obtain a product or service referred to by this website, advice should be obtained (from either the third party to whom we refer you or from another qualified intermediary) as to the appropriateness of obtaining those products having regard to your objectives, financial situation and needs. Whilst we have our own process for validating the legitimacy of our referral partners, you should independently verify the credentials and licensing of any adviser or provider you engage. Visit the ASIC website for further information.