Within the insurance industry, there are multiple touchpoints with Indigenous Peoples. Insurance companies with policies that respect Indigenous Peoples’ right to self-determination and to free, prior and informed consent (FPIC) may find more opportunity to partner in an expanding marketplace. There is also a growing recognition among insurance providers of the risks associated with failing to respect Indigenous Peoples’ rights.
Tallgrass Institute’s latest guide provides insurance companies with a framework to operationalize due diligence to respect the rights of Indigenous Peoples, grounded in their right to FPIC.
By adopting strong due diligence and FPIC policies, insurers benefit from a more comprehensive understanding of risk, risk mitigation, legal compliance, and reduced liability, and minimizing disruptions, uncertainties, and conflicts.
This guide was originally published on the University of Colorado Boulder website.
