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What are COMDEX rankings for all times insurance coverage firms?

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Melissa Morris has a BS and MS in train science and a doctorate in academic management. She is an ACSM licensed train physiologist and an ISSN licensed sports activities nutritionist. She teaches diet and utilized kinesiology on the College of Tampa.
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Rachael Brennan has been working within the insurance coverage business since 2006 when she started working as a licensed insurance coverage consultant for twenty first Century Insurance coverage, throughout which era she earned her Property and Casualty license in all 50 states.
After a number of years she expanded her insurance coverage experience, incomes her license in Well being and AD&D insurance coverage as effectively. She has labored for small well being insu…

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Rachael Brennan


Licensed Insurance coverage Agent

Rachael Brennan

UPDATED: Apr 24, 2022

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Here is the Scoop

  • COMDEX rankings for all times insurance coverage firms compile monetary energy rankings from among the largest insurance coverage firm ranking businesses to make it simpler to know an organization’s monetary energy
  • COMDEX rankings are expressed in a rating from 1 to 100 that signifies which percentile an organization is in in comparison with different insurance coverage firms
  • The upper the COMDEX ranking, the higher an organization’s monetary energy

In the event you’ve ever tried to find out about selecting one of many finest life insurance coverage firms, you’ve most likely heard concerning the significance of economic energy rankings when choosing a coverage. Nevertheless, discovering an organization’s monetary energy ranking could also be sophisticated and complicated, particularly with the variations between ranking businesses’ strategies.

To make it simpler for shoppers and insurance coverage brokers, EbixLife developed the COMDEX rankings to compile monetary energy rankings from main ranking businesses. Nevertheless, if you happen to’re questioning, “What’s a COMDEX ranking on life insurance coverage?” you’re not alone.

Hold studying under to find out about COMDEX rankings, what they imply, easy methods to discover them, and why it’s vital to know monetary energy rankings earlier than shopping for a coverage.

What are COMDEX rankings for all times insurance coverage firms?

COMDEX rankings are used to measure an insurance coverage firm’s monetary energy. COMDEX (which stands for composite index) combines the rankings from important insurance coverage ranking businesses to create a percentile rating.

It averages the scores from among the largest monetary energy ranking businesses, together with A.M. Finest, Moody’s, Fitch, and Commonplace & Poor’s. Due to this fact, an insurance coverage firm should have rankings from a minimum of two of those businesses earlier than receiving a COMDEX ranking.

Through the use of the opposite businesses’ rankings, the COMDEX ranking produces a rating between 1 and 100. The upper the rating, the upper the insurance coverage firm’s monetary energy.

The COMDEX can generally make it simpler for consumers to know the monetary energy of an insurance coverage firm as a result of the rating correlates with the percentile to which the corporate belongs. For instance, if an insurance coverage firm has a COMDEX ranking of 85, it’s financially stronger than 85% of the opposite firms.

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How are COMDEX rankings calculated?

COMDEX rankings are comparatively simple to calculate, however on a regular basis shoppers almost certainly don’t need to spend an excessive amount of time looking out a number of web sites to see every company’s ranking. As well as, it may be difficult to know every company’s ranking technique.

Due to this fact, COMDEX rankings are calculated by EbixLife utilizing VitalSigns software program. The scores are recalculated each few weeks or extra typically for large insurers. EbixLife can compile tons of knowledge from every company to see which percentile an insurance coverage firm suits into based on every company. The percentiles are then averaged to calculate the COMDEX ranking.

For instance, if an insurance coverage firm is within the ninetieth percentile from A.M. Finest, eighty fifth percentile from Moody’s, and eightieth percentile from Commonplace & Poor’s, you’ll merely add 90+85+80 and divide by three to get a COMDEX ranking of 85.

Moreover, the COMDEX ranking of 85 implies that the insurance coverage firm has a greater monetary energy ranking than 85% of the opposite insurance coverage firms.

Why are monetary energy rankings vital?

Whenever you’re trying to find a life insurance coverage firm, it’s important to make sure you’re shopping for a coverage from an organization that may adequately handle its belongings and supplies your life insurance coverage beneficiaries with the dying profit you paid for. Due to this fact, whenever you’re procuring round, it may be useful to analysis an organization’s monetary energy earlier than shopping for from them.

The businesses listed above (A.M. Finest, Moody’s, Fitch, and Commonplace & Poor’s) fee insurance coverage firms based mostly on their monetary energy, together with creditworthiness, asset administration, profitability, income forecasts, and extra.

Nevertheless, it may be difficult to know the rankings from every of those businesses. It could even take a subscription to entry the data crucial to find out an organization’s monetary energy. However, the COMDEX ranking is less complicated to know, compiles information from a number of sources, and is simple to seek out on-line.

How can I determine an organization’s COMDEX ranking?

Sadly, VitalSigns is obtainable solely to insurance coverage brokers and brokers promoting insurance coverage insurance policies. Whereas they’ll present a model of the software program on their web site for particular person clients, it isn’t broadly out there.

Nevertheless, many web sites and blogs on-line will present lists of some top-ranking firms with their corresponding COMDEX ranking. Merely do an internet seek for “COMDEX rankings,” and also you’re prone to discover a couple of completely different lists which were up to date just lately.

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Who has the best COMDEX ranking?

COMDEX rankings might change over time, however here’s a listing of some prime life insurance coverage by 2021 COMDEX rankings:

Prime 25 Life Insurance coverage Firms by 2021 COMDEX Scores

Firm COMDEX Score
Northwestern Mutual Life Insurance coverage Firm 100
New York Life Insurance coverage Firm 100
Berkshire Hathaway Lifetime of NE 100
Lecturers Insurance coverage & Annuity Affiliation 100
USAA Life Insurance coverage Firm 99
TIAA-CREF Life Insurance coverage Firm 99
Berkshire Life Insurance coverage Firm of America 99
Massachusetts Mutual Life Insurance coverage 98
State Farm Life Insurance coverage Firm 98
Guardian Life Insurance coverage Firm of America 98
Knights of Columbus 98
Nice-West Life & Annuity 97
Solar Life & Well being Insurance coverage Firm 97
Minnesota Life Insurance coverage Firm 96
American United Life Insurance coverage Firm 96
Western & Southern Life Insurance coverage Firm 96
Integrity Life Insurance coverage Firm 96
State Life Insurance coverage Firm 96
Lafayette Life Insurance coverage Firm 96
Columbus Life Insurance coverage Firm 96
Securian Life Insurance coverage Firm 96
Metropolitan Life Insurance coverage Firm 95
Prudential Insurance coverage Firm of America 95
Pruco Life Insurance coverage Firm 95
Pruco Life Insurance coverage Firm of NJ 95

As we talked about above, COMDEX rankings can change each few weeks. Due to this fact, it could be helpful to debate any modifications with an insurance coverage agent that has entry to present stories.

Researching a number of life insurance coverage firms can take effort and time. Nevertheless, in the long term, it’s value it to make sure you’re selecting an organization that may present peace of thoughts and monetary help for you and your loved ones.

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