The numbers in the Toronto Transit Commission’s benefits fraud investigation are staggering — 725 total cases, 220 dismissals, 120 arbitrations, 10 employees charged and more than $3 million in exposure. “All this stuff is still ongoing. The insurance company hasn’t cut us a cheque yet,” Mark Russell, staff sergeant, investigative services at the TTC, told attendees at […]
Almost three-quarters (73 per cent) of global institutional investors expect new technologies to reshape the industry by 2025, according to a new survey by Fidelity Investments Inc. The survey, which polled more than 900 institutional investors in 25 countries, found 80 per cent of respondents expect blockchain and related technologies to fundamentally change the industry, while 62 per cent […]
How do the following sound as headlines for the cover of Benefits Canada? Are they likely to make the cut any time soon? • “My boss is 89” • “Remember when we went to the doctor’s office?” • “On-the-job diagnosis” • “Machines don’t need benefits” • “Artificial benefits” • “Shareholders elect first AI CEO (actuary’s […]
Great-West Life Assurance Co. has made three appointments to its executive team. Karrina Dusablon has joined the company as vice-president of national accounts for its plan sponsor services division. Issa Guindo has been appointed assistant vice-president of group customer data and analytics. And Derrick March has been named vice-president of business development for the group customer practice, […]
3 questions to ask yourself about AI
Our expert panel on what jobs AI can replace - and the ones it can't
Extending people’s working lives could provide a windfall of more than $4.6 trillion across Organisation for Economic Co-operation member countries, according to new report by PricewaterhouseCoopers. The population of those over the age of 55 in the 35 OECD countries is on track to rise by almost 50 per cent to more than 500 million people by 2050, the report […]
Luge Capital, a venture capital fund backed by the Caisse de dépôt et placement du Québec, has completed a round of financing worth $75 million in order to begin its operations. The fund, which focuses on early-stage financial technology companies and artificial intelligence solutions applied to the financial services sector, first announced last fall that it had […]
The Public Sector Pension Investment Board is among investors taking part in a $250-million round of financing for Tradeshift, a global supply chain digital payments company. With the new round of financing, co-led by Goldman Sachs and totalling $400 million, the company is aiming to help buyers and suppliers digitize their trade transactions. “Given the rapid increase in […]
How big data can help with investment selection