Insurance Companies Comdex Ratings
The comdex score is not a rating itself but rather an unbiased number that can be used to quickly and easily compare the ratings a company has received from the top rating agencies.
Insurance companies comdex ratings. There are four main rating agencies for life insurance in the united states. But they are not so precise as to tell us that a company with slightly lower ratings is weaker than one with slightly higher ratings. If an insurance company s comdex ranking is 80 this means it scores higher than 80 of all other insurance companies with multiple ratings. The four preeminent life insurance ratings that are used include.
There is also a comdex score not an actual rating rather an unbiased number that can be used to quickly and easily compare the ratings a company has received from the other rating agencies. This poll of polls rates most of the life insurance companies in the united states. The comdex score is the average ranking a company receives from the four major rating agencies in america. The comdex rating for life insurance companies is brought to you by ebixexchange.
Short for composite index the comdex compiles the scores from the four major credit raters presenting you with a composite score of all the evaluations a life insurance company has available. Best standard poor s moody s investors. We can make broad generalizations like a comdex of 95 is way better than a 65. Ratings are useful and the comdex is extremely useful.
Am best standard poor s moody s investors services and fitch. The comdex rating is on a number scale of 1 to 100 with a higher number being the better ranking. Why is a comdex ranking needed. Life insurance ratings 2019 wrap up.
It then puts each company into one single 100 point scale. This method in essence creates a percentile in which to place each company. There may be some important considerations that you should be aware of before you should just blindly review their rankings. The comdex score is the average ranking a company receives from the four major rating agencies in america.
The comdex is a ranking of financial strength ratings. The comdex score is the average ranking a company receives from the four major rating agencies in america. Rather than try and decipher the different financial ratings ebixexchange decided to create a composite index which takes the average percentile of the different life insurance company s financial strength ratings assigned by the different rating services a m.
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