Insurance Advisor Ratings & Awards Methodologies

Mployer evaluates brokerages across several factors, both qualitative and quantitative, to help employers understand and compare the experience and performance they are likely to have when choosing a partner.

How We Evaluate Insurance Advisors: M Score

Highlighting top-rated insurance advisors is our goal. By providing the industry’s first rating, we enable employers to select the best insurance advisor for their needs. To do that, we summarize all of the data with an "M Score".

Score

What is an an "M Score" ?

An “M Score” is a rating of each brokerage based on historical data to gauge both the range of experience an individual brokerage has, as well as an employer’s experience using that firm.

Across the range of health insurance brokers can offer products ranging from individual coverage to business covering medical to property and voluntary. While most brokers are licensed across a number of lines, our goal is to help employers find brokers with expertise in their specific needs, company size and in their industry. Our opinion is that a knowledge base in those areas allows a broker to better create insurance design and consulting services to fit a specific client and that is the basis for our proprietary score.

A brokerage can edit their profile to add information that we may not have available. That information will then be factored into the score - for example if a brokerage has experience in a certain sector but we do not have record of it, and it is added to the profile, the score will then be recalculated. Note, we reserve the right to audit any fields that are self reported. If the audit fails, your account will be suspended.

A brokerage's M Score is one of many factors we recommend an employer to evaluate when selecting an insurance advisor, and is our opinion only.

Rating Factors

Quantitative
We evaluate a brokerage’s employer experience across industries, sizes and products.
Qualitative
We assess employer reviews of an insurance advisor – both the presence of reviews as well as the review detail – provided on Mployer as well as other common review platforms.

Data Sources

Employer Surveys
We survey thousands of employers each year across numerous metrics with our proprietary database expanding annually.
Direct Benefit Buyer Feedback
We utilize over 25,000 employer reviews of their insurance advisor on MployerAdvisor.com to best.
Annual Filings
We assess employer reviews of an insurance advisor – both the presence of reviews as well as the review detail – provided on Mployer as well as other common review platforms.
Private Claims Data
We assess employer reviews of an insurance advisor – both the presence of reviews as well as the review detail – provided on Mployer as well as other common review platforms.