miEdge and SourceMedia's Benefits Group Partner On Ground-Breaking Insurance Carrier, Broker Rankings
New Boston, NH -- March 27, 2014 -- miEdge™, the premiere provider of form 5500 business intelligence data solutions, has entered into a partnership with SourceMedia’s Benefits Group under which miEdge is producing a series of exclusive rankings for SourceMedia’s Employee Benefit Adviser and Employee Benefit News brands.
A ranking of the top 50 large-group insurance carriers in the U.S., which miEdge based on premiums, has just been posted to the EBA and EBN web sites and published in the brands’ current print issues.
In December, EBA and EBN published the first-ever ranking of the top 50 largest employee benefit brokers, which miEdge created based on the commissions and fees the brokerages generated from health and welfare benefit insurance policies.
In addition to the two Top 50 lists, miEdge is creating rankings that spotlight large, regional brokers and carriers as well as producing industry segment analysis.
Business intelligence analytics firm miEdge compiled the data for the largest brokers and carriers from Form 5500 Schedule A health and welfare insurance data, which employers submit annually to the Department of Labor. Form 5500 A reports are designed to ensure that employee benefit plans are operated and managed in accordance with DOL standards. Welfare insurance includes dental, vision, life, disability, long-term care and other voluntary benefit policies.
“miEdge is the first BI company to develop an independent ranking system based on information contained in form 5500s,” said miEdge Founder and CEO Mark Smith. “Almost all other ranking systems come from self disclosed information provided by the people being ranked. We are the only independent unbiased source for health and welfare analytics in the market. We are very excited to be working exclusively with Source Media. The digital media company’s Employee Benefit News and Employee Benefit Advisor are the industry standard for benefit industry news and resources."
The two organizations plan to develop additional rankings that highlight key players in the employee benefit space.
“We’re honored to be working with miEdge,” said James Callan, Senior Vice President of SourceMedia’s Benefits Group. “The top 50 brokerages and top 50 carriers are sure to become industry standards that benefit professionals can use to track the industry’s movers and shakers.”
SourceMedia, an Observer Capital company, is a diversified business-to-business digital media company serving senior professionals in the financial, technology and healthcare sectors. Brands include Accounting Today, American Banker, The Bond Buyer, Employee Benefit Adviser, Employee Benefit News, Financial Planning, Health Data Management, Insurance Networking News and On Wall Street.