Case study

The Mutual Fire Insurance Company of British Columbia’s approach to climate risk protection

Mutual Fire Insurance of British Columbia (MFI) provides farm, commercial, auto, and home insurance solutions across Canada, from British Columbia (BC) to Ontario. Founded in 1902 by 44 local farmers and business owners in the Fraser Valley seeking reasonably priced insurance, the mutual continues to address climate risk while protecting members and policyholders from their front door to the outer perimeter of their communities.

Against the backdrop of a changing landscape of climate-related hazards, MFI remains committed to developing solutions and partnerships that strengthen individual and community preparedness.

 

Companywide engagement in ESG, sustainability and climate risk initiatives

MFI’s approach to the ESG (Environmental, Social, and Governance) pillars, sustainability, and climate risk relies on organisation-wide engagement. To embed these priorities across the business, it established both a sustainability committee and a purpose committee.

These priorities are reflected not only in the mutual’s policies and decision-making, but also in its engagement with the wider community. This includes partnering with FireSmart and a local fire department to view a regional golf course as an outdoor classroom for employees. FireSmart is a national programme to help Canadians increase neighbourhood resilience to…

Member only content

This content is only available to ICMIF members. Please complete the form and we will get back to you as soon as possible.

Access the full member-only content

This is an abridged version. To access the full article/recording, please complete the form above to request the link to the full version being sent directly to you, or visit the member-only link for the ICMIF Knowledge Hub (for more details of how ICMIF members can access this please click here or contact ICMIF).

Scroll to Top