News Asia10 Jul 2024

Australia:Indigenous entrepreneur launches First Nations insurance brokerage

| 10 Jul 2024

Mr Stuart White, founder and CEO of First Peoples Insurance

An indigenous entrepreneur has launched Australia's first insurance brokerage specifically for First Nations organisations and communities.

First Peoples Insurance is 100% indigenous-owned and operated and focuses on providing insurance solutions for Traditional Owner and Indigenous community-controlled organisations and businesses.

Mr Stuart White, a Biripi man, founded First Peoples Insurance, an Authorised Representative of Austbrokers Comsure.

After a corporate sales career of more than 20 years, Mr White identified a distinctive gap in the market. “Work I’ve done with corporates on Reconciliation Action Plans (RAP) identified a lack of trust among Indigenous people about insurance,” he said. He seeks to emulate in Australia what international brokerages have done in establishing insurance services for native Americans and Indigenous Canadians.

Mr White also aims to provide skills training and jobs for First Nations people, few of whom are employed in the finance industry. He established First Peoples Insurance because he sought a new opportunity that matched his sales ability and filled a gap in services for Indigenous people.

As a registered entity with Supply Nation, a database of verified Indigenous businesses, First Peoples Insurance can partner with corporate clients to help them meet compliance requirements for social procurement and RAPs and their ESG targets.


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