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 […]
It’s a constant challenge for employers to ensure their plan members understand and appreciate the pension and benefits programs available to them. It isn’t easy, but employers stand a better chance of success when the information is meaningful and relevant. The marketing and retail industries have been doing it for ages, to the point where personalization isn’t […]
Virtual health-care platform Dialogue is acquiring DXA Inc., a triage, medical charting and diagnosis technology company. DXA’s artificial intelligence-powered platform, which replicates how an emergency room doctor thinks, has been added to Dialogue’s platform. It can be used in doctor-patient interactions ranging from primary to chronic and specialized care. Read: New virtual health-care program aims to save employee […]
Cigna Corp. is collaborating with Happify Health and Prevail Health to offer employers access to the technology companies’ online mental-wellness platforms. In January 2019, the platforms will be available to employers as part of Cigna’s total behavioural health program. “We are continuing to expand and evolve our behavioural health solutions to support the wide and […]