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What are COMDEX rankings for all times insurance coverage corporations?


Melissa Morris has a BS and MS in train science and a doctorate in instructional 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 nicely. 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 corporations compile monetary power rankings from a number of the largest insurance coverage firm score companies to make it simpler to know an organization’s monetary power
  • 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 corporations
  • The upper the COMDEX score, the higher an organization’s monetary power

When you’ve ever tried to find out about selecting one of many finest life insurance coverage corporations, you’ve in all probability heard in regards to the significance of economic power rankings when choosing a coverage. Nonetheless, discovering an organization’s monetary power score could also be sophisticated and complicated, particularly with the variations between score companies’ strategies.

To make it simpler for customers and insurance coverage brokers, EbixLife developed the COMDEX rankings to compile monetary power rankings from main score companies. Nonetheless, if you happen to’re questioning, “What’s a COMDEX score on life insurance coverage?” you’re not alone.

Hold studying beneath to find out about COMDEX rankings, what they imply, the best way to discover them, and why it’s vital to know monetary power rankings earlier than shopping for a coverage.

What are COMDEX rankings for all times insurance coverage corporations?

COMDEX rankings are used to measure an insurance coverage firm’s monetary power. COMDEX (which stands for composite index) combines the rankings from vital insurance coverage score companies to create a percentile rating.

It averages the scores from a number of the largest monetary power score companies, together with A.M. Greatest, Moody’s, Fitch, and Commonplace & Poor’s. Due to this fact, an insurance coverage firm should have rankings from at the least two of those companies earlier than receiving a COMDEX score.

By utilizing the opposite companies’ rankings, the COMDEX score produces a rating between 1 and 100. The upper the rating, the upper the insurance coverage firm’s monetary power.

The COMDEX can typically make it simpler for customers to know the monetary power 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 score of 85, it’s financially stronger than 85% of the opposite corporations.

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How are COMDEX rankings calculated?

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

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

For instance, if an insurance coverage firm is within the ninetieth percentile from A.M. Greatest, 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 score of 85.

Moreover, the COMDEX score of 85 implies that the insurance coverage firm has a greater monetary power score than 85% of the opposite insurance coverage corporations.

Why are monetary power rankings vital?

While you’re looking for 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 demise profit you paid for. Due to this fact, if you’re purchasing round, it may be useful to analysis an organization’s monetary power earlier than shopping for from them.

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

Nonetheless, it may be difficult to know the rankings from every of those companies. It might even take a subscription to entry the knowledge crucial to find out an organization’s monetary power. Then again, the COMDEX score is less complicated to know, compiles knowledge from a number of sources, and is simple to seek out on-line.

How can I work out an organization’s COMDEX score?

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 prospects, it isn’t extensively obtainable.

Nonetheless, many web sites and blogs on-line will present lists of some top-ranking corporations with their corresponding COMDEX score. Merely do a web based seek for “COMDEX rankings,” and also you’re prone to discover just a few totally different lists which were up to date lately.

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Who has the best COMDEX score?

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 corporations can take effort and time. Nonetheless, in the long term, it’s price it to make sure you’re selecting an organization that can present peace of thoughts and monetary help for you and your loved ones.

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