Advisor

On May 5, 2023, Empire Life released its digital enrolment tool to plan administrators across Canada. The new tool automates the collection of enrolment information from plan administrators and plan members in one seamless and time saving process. Our small group of customers with modular flex benefits will receive access to digital enrolment in our next release.  

The new digital enrolment tool eliminates almost all of the administration work and makes enrolment simple, fast and easy every step of the way: 

Q1 2023 highlights (compared to restated Q1 2022)

Empire Life and CLHIA highlight fraud prevention in group insurance market

Stephen Frank, President and CEO of the CLHIA, says fraudsters are mounting more sophisticated schemes, and that the industry has adjusted, as a result. “We’re putting more resources into fraud prevention and detection, we’re investing more in technology, and generally spending more energy on combating fraud collectively across the industry. Empire Life has been a huge partner in that, and really a driving force on helping us get to where we are,” said Frank.

Action required for plan members in Saskatchewan and Ontario who take a biologic drug

Ontario and Saskatchewan are the latest provinces to adopt biosimilar initiatives. Biologic drugs generally cost over $10,000 per patient per year. Biosimilars can be created once the patent for the biologic expires, and they cost much less. Biosimilar initiatives aim to transition patients from biologics to biosimilars wherever possible.

In this Off the Cuff video, Fixed income senior portfolio manager Albert Ngo discusses inflation, economic growth and possible outcomes for the market.

Read the summary