Risk misperception is inherent in humans and has been since stone-aged men and women first roamed the earth, said Dan Gardner, a senior fellow at the University of Ottawa’s Graduate School of Public and International Affairs, during the Canadian Investment Review’s 2022 Risk Management Conference. People possess two systems that help them make decisions, he […]
When workplace dental plans are designed to promote employees’ proactive oral health, it can reduce overall benefits plan expenditures, including the cost of medications. Forty per cent of adults are at high risk of poor oral health, including adults with special needs, people with type 2 diabetes, the elderly or frail and those with mental-health […]
Nearly a third (30 per cent) of insurers are making changes to ensure there’s diversity among the medical providers within their networks, according to a new report by Mercer. The report found more than a quarter (27 per cent) of insurers said they’ve changed their eligibility access processes to make coverage more inclusive for LGBTQ2S+ […]
Four months ago, my daughter woke up with a stye in one eye. While my 10-year-old was handling her infection like a champ, I wasn’t. All I could think was, “I need to get her to a doctor as fast as humanly possible.” But it had been almost two years since we visited her physician’s […]
Compared to their global peers, Canada’s asset managers are more confident in their organizations’ data analysis abilities and less confident in their data management platforms, according to a new report by BNY Mellon Asset Management Canada Ltd. The report, based on the results of a survey of 200 asset managers across the globe, found almost […]
More than eight in 10 (83 per cent) U.S. organizations are implementing diversity, equity and inclusion initiatives in 2021, according to a new survey by WorldatWork. Among the 83 per cent, almost a third (29 per cent) said they took their first action on DEI initiatives during the past 12 months. Nearly all (97 per […]
Multinational employers based in Canada and the U.S. spend significantly more on their benefits packages than those in other regions, according to a new survey by U.K.-based Darwin Technologies Ltd. The benefits management and employee engagement company found more than a quarter (27 per cent) of North American survey respondents said they spend more than […]
While prior authorization can be a great tool for plan sponsors, it comes with its own set of challenges, said Tara Liu, director of drug strategy at Canada Life, during Benefits Canada’s Face to Face Drug Plan Management Forum on Dec. 9, 2020. The pharmaceutical pipeline is focused on high-cost specialty drugs, which are being used in […]
Sun Life Canada is launching a new virtual mental-health coach for plan members that taps into the power of predictive analytics. The virtual coach will launch in the first quarter of 2021, starting with a small number of clients, and after six months, the insurer will slowly bring more organizations on board. The insurer’s goal with the pilot program is […]
With the coronavirus pandemic affecting plan sponsors in different ways, they can return to the basics and use data to manage their benefits spend, according to a webinar hosted by the Canadian Pension and Benefits Institute on Tuesday. “It’s helpful for companies to pivot and take the conversation back to the basics, which is discussing the […]