Insurance Companies Comdex Ratings

Pin On Life Insurance

Pin On Life Insurance

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The comdex is a ranking of financial strength ratings.

Insurance companies comdex ratings. 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. If an insurance company s comdex ranking is 80 this means it scores higher than 80 of all other insurance companies with multiple ratings. Best standard poor s moody s investors. Best s p moody s and fitch.

The comdex score is the average ranking a company receives from the four major rating agencies in america. The comdex score is the average ranking a company receives from the four major rating agencies in america. Am best standard poor s moody s investors services and fitch. This method in essence creates a percentile in which to place each company.

Why is a comdex ranking needed. Rather than using letters comdex uses numbers on a scale of 1 to 100 with 100 being the best possible score and 1 being the lowest score. Ratings are useful and the comdex is extremely useful. It then puts each company into one single 100 point scale.

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. 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. We can make broad generalizations like a comdex of 95 is way better than a 65. The comdex rating is on a number scale of 1 to 100 with a higher number being the better ranking.

There may be some important considerations that you should be aware of before you should just blindly review their rankings. 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. The four preeminent life insurance ratings that are used include. It compiles four different rater s ratings into one commingled rating.

The comdex rating for life insurance companies is brought to you by ebixexchange. 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. Life insurance ratings 2019 wrap up.

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