The pension and retirement savings was once again the growth leader in the life and health insurance industry in 2017, according to the Canadian Life and Health Insurance Association’s annual fact book. Of the $651 billion held in employer-sponsored pension plans last year, the industry was responsible for managing $152 billion, which is up from […]
iA Financial Group is introducing an online enrolment tool for its group benefits members. The tool, which can be accessed through a smartphone, tablet or computer, allows plan members to choose coverage, designate beneficiaries and manage the information of dependants. “The online enrolment tool is an intelligent, high-performance solution that provides a simplified overall experience to employers […]
Digital human resources company Rise People Inc. is partnering with Cowan Insurance Group to launch an integrated product that includes human resources, payroll and insurance services. In December 2017, Rise People launched a national sponsorship program aimed at combining its technological expertise with advice from consultants, such as Surrey, B.C.-based Davis Benefits and Pensions Ltd. and […]
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, […]
Hub International Ltd. is acquiring Ontario-based Benefit Broker Services Inc. Benefit Broker Services, which is located in Wallaceburg, Ont., is a provider of services related to employee benefits and pension plans. The terms of the acquisition weren’t disclosed. Scott Ewing, the firm’s president, and Stacey Ewing, its co-founder and owner, will join Hub Ontario, reporting […]
Manulife Financial Corp. is launching a medical marijuana program in partnership with Shoppers Drug Mart Corp. this fall. The program, which will be available for participating group benefits plans and individual plans in Canada, will involve specially trained pharmacists from Shoppers Drug Mart at a patient care centre based in Ontario. The pharmacists will be available to […]
The iA Financial Group is integrating its group savings and retirement plans into its mobile app. The added functionality aims to allow plan members to track their retirement savings and investment returns, including their progress on the path to retirement and whether or not their investment portfolio is still a good fit. Read: iA Financial rolls out new […]
SSQ Life Insurance Co. Inc. is partnering with Allianz Global Benefits to grow its group insurance business across Canada. “This type of collaboration is a first for SSQ Insurance,” said Geneviève Fortier, senior vice-president of distribution at SSQ Insurance, in a news release. “By adding the expertise and global reach of Allianz Global Benefits to our service […]
Markers Financial Inc. is launching a group insurance product that covers medical cannabis on Aug. 15. The company, which is a division of Toronto-based Evergreen Pacific Insurance Corp., will initially roll out an insurance product for individuals, tailored to each person’s requirements without any caps or restrictions based on pre-existing conditions. Read: Reformulary Group to develop cannabis […]
The Canadian Life and Health Insurance Association is tweaking its approach to its compensation disclosure guideline, including a provision to allow advisors to deliver the information to clients. After releasing the guideline in January, the CLHIA announced in February that it would be seeking feedback on a number of areas related to the guideline. While the […]