Despite a growing interest in virtual health care, many employers still aren’t adopting the technology in their benefits plans, according to new research by Medisys Health Group Inc. Just nine per cent of employer respondents said they offer virtual health care, though more than two-thirds (67 per cent) of employee respondents said they’d use the benefit if it was available. Indeed, 71 per […]
The Great-West Life Assurance Co. is now offering Dialogue’s virtual health-care services to employers in all Canadian provinces and the Yukon, as well as its own 10,000 employees. “Making innovative health technologies like Dialogue more accessible to our employees and customers demonstrates our commitment to supporting the physical, mental and financial well-being of Canadians,” said […]
Aon has partnered with six Canadian insurance providers to offer traditional and flexible benefits through its Aon Choice platform. The new partnership includes Sun Life Financial Inc., Manulife Financial Corp., Great-West Life Assurance Co., Desjardins Insurance, SSQ Life Insurance Co. and Green Shield Canada. The companies comprise 82 per cent of the Canadian group benefits […]
The Canada Pension Plan Investment Board is buying shares in ChargePoint Inc., an electric vehicle infrastructure company, as part of a US$240 million funding round led by Quantum Energy Partners. “ChargePoint provides an attractive opportunity to invest in a market-leading business with room for expansion that aligns with our growing focus on the energy transition,” said Avik […]
The Ontario Teachers’ Pension Plan is entering into a partnership with Fleet Complete, a Toronto-based software company in the vehicle space. The company provides GPS tracking solutions for enterprises using multiple vehicles for shipping, delivery and transportation in order to optimize efficiency. The Ontario Teachers’ is purchasing private equity in the company from current shareholder Madison Dearborn […]
Artificial intelligence is capable of improving the operations of asset managers and owners in many ways, according to a new whitepaper by Northern Trust Corp. Both back and middle office operations can use data strategies to boost productivity, drive revenue, improve security and manage risk, stated the paper. One key was is analyzing data, with companies using […]
Canada Pension Plan Investment Board is “embracing disruption” and looking to cash in on emerging shifts in the global economy, such as a move towards autonomous cars and a growing, aging population. The board benefits from a long-term investment and can look beyond any market cycle and invest based on large structural changes that will “fundamentally […]
Manulife Financial Corp. is making its Vitality health and wellness platform available to Canadian group benefits plan members next year. The platform, which connects with wearable devices such as smartwatches and fitness bracelets, is designed to help users make healthy choices and then rewards them with discounts and gift cards for doing so. “We believe this program will help […]
Willis Towers Watson has launched an online shopping option for employee benefits. Its marketplace platform, which is both mobile and web-based, allows employees to shop for benefits online and provides coverage decision support. “For employers, Benefits Marketplace moves us toward a truly personalized approach,” said Dawn Noordam, director of health and benefits consulting and leader of Benefits […]
Equitable Life of Canada is introducing a fully online option for employees enrolling in group benefits plans. “Plan members can easily enter all their enrolment information, including dependant details, banking information for direct deposit of claim payments and details for coordination of benefits,” said Norma Crouse, assistant vice-president of claims and administration at Equitable Life, in a […]