life insurance – Benefits Canada.com

Back to basics on captive arrangements

lbailey — Fri, 19 Nov 2021 13:50:19 +0000

Five years ago, Rolls Royce Canada Ltd. realized its insurer and one of its European divisions’ insurers had separate reinsurance through a larger multinational company, so it worked out a deal to pool both divisions’ insured benefits. As a multinational company with more than 50,000 global employees, the automaker was an ideal candidate for a […]

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38% of plan sponsors planning to update benefits plan design in 2021: survey

lbailey — Wed, 03 Nov 2021 13:00:57 +0000

More than a third (38 per cent) of plan sponsors are planning to update their benefits plan design by the end of this year, on par with those that did so in 2020 (39 per cent), according to a survey by Arthur J. Gallagher Canada Ltd. The survey, which polled more than 500 Canadian plan […]

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87% of U.S. millennial employees more interested in benefits in 2021: survey

mdunne — Wed, 13 Oct 2021 19:00:00 +0000

The majority (87 per cent) of U.S. millennial employees are more interested in certain benefits this year, with life insurance (39 per cent) topping the list, followed by financial planning tools (34 per cent), dental insurance (31 per cent) and legal plans (29 per cent), according to a new survey by Rainmakers CSI for MetLife […]

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New collective agreements for FCL, GFL staff include benefits improvements

Jennifer Paterson — Wed, 28 Jul 2021 13:00:48 +0000

New collective agreements for two separate groups of employees include improvements to health benefits and work-life balance. The negotiations between Federated Co-operatives Ltd. and Unifor, which have been bargaining since the last collective agreement expired on Aug. 31, 2020, include improvements to benefits, increased scheduling flexibility and a one per cent wage increase in each […]

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RCMP rolling out new digital benefits, insurance platform for 40,000 plan members

lbailey — Wed, 07 Jul 2021 13:00:12 +0000

The Royal Canadian Mounted Police group life insurance and disability income insurance plans are now available to members via a secure, self-service digital platform. When the contract with their previous insurance administrator expired, the RCMP began a search for a new provider that could offer flexibility that matched their members’ lifestyle. As of June 14, […]

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CLHIA elects Michael Doughty new board chair

lbailey — Fri, 04 Jun 2021 19:00:39 +0000

The Canadian Life and Health Insurance Association has elected Michael Doughty, president and chief executive officer of Manulife Canada, as its chair. Doughty will take over the role from Jean-François Chalifoux, the president and chief executive officer of Beneva Inc., who was appointed chair in December 2020 and who’ll remain on the board as a past […]

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Canadians relying too heavily on employer-provided life insurance: survey

bwolfe — Thu, 06 May 2021 13:00:38 +0000

A majority of Canadians with life insurance are relying solely on the coverage provided by their employer’s benefits plan, according to a new survey by life insurance provider PolicyMe Corp. The survey found 62 per cent of Canadians with life insurance said they have a policy through their employer and, among those, more than half […]

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CLHIA opening government-affairs office for Western Canada

bwolfe — Tue, 02 Mar 2021 05:00:43 +0000

The Canadian Life and Health Insurance Association is opening a government-affairs office serving Western Canada. The Calgary-based office will support the CLHIA’s members operating in the west and work with provincial and territorial governments and other regional stakeholders, according to a press release. The office is the association’s first permanent operation west of Toronto and will […]

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Pension benefits continue to lead growth in Canadian insurance industry: CLHIA

mschmit — Wed, 16 Sep 2020 05:00:22 +0000

Canadians received a record $103 billion in benefits from life and health insurers last year, up 60 per cent from a decade earlier, according to the Canadian Life and Health Insurance Association’s annual fact book. The benefits include $53.3 billion in pension annuity payments, $38.1 billion in health benefits for prescription drugs and supplementary health […]

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Retroactive pay, pension, insurance increases in new agreement for postal workers

mschmit — Fri, 31 Jul 2020 05:00:39 +0000

Canada Post Corp. employees and some retirees are receiving retroactive wage increases, as well as adjustments to their disability and life insurance and pensions, through two new collective agreements between the Canadian Union of Postal Workers and the crown corporation. The agreements between Canada Post and its rural and suburban and urban postal service workers — represented by two […]

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