Comdex Ranking Life Insurance
Comdex Ranking for Life Insurance
The Comdex score is the average ranking a company receives from the four major rating agencies in America. 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.
Why is a Comdex Ranking Needed?
Since there is not a universal rating system to evaluate insurance company’s financial strength, the rating a company receives can be confusing for the consumer. For example an A+ rating with A.M. Best is the second best rating but with Standard & Poor’s or Fitch an A+ is the fifth best ranking.
How to Read It?
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. The Comdex ranking is objective and based exclusively on the calculated ratings from the four major rating agencies.
Insurance Rating Services Used in Calculation
Comdex is determined on the evaluations from the following rating services:
- AM Best
- Standard & Poor’s
- Moody’s Investors Services
A company must receive ratings from at least two of the four major rating agencies in order to receive a Comdex score.
To see the 2014 Comdex rankings in numerical order- Click on the article Life Insurance Comdex Rankings-Top 250 Rated Companies in 2014.
Looking for the top rated life insurance companies in America? Check out the article on Best Rated Life Insurance Companies 2014.