MDRT Expands Definition of Success in the Profession with New Awards and Rankings

MDRT, The Premier Association of Financial Professionals, has added to the portfolio of honors available for exceptional members – and their companies. MDRT has redefined and added new categories within its annual Company Rankings to recognize companies including those from Hong Kong that successfully invest in membership growth, retention, and longevity. With this new initiative, MDRT recognizes and elevates the exceptional performance of companies and financial services professionals.

MDRT involves the world’s leading life insurance and financial services professionals from all over the world, and Hong Kong is also one of them. The number of MDRT members in Hong Kong jumped from 10,858 in 2020 to 15,719 in 2021 while insurance companies in the Hong Kong market also occupied 11 seats in the “2021 Top 100 Companies” list, two of which were ranked top one and two.

Randy Scritchfield, CFP, LUTCF, MDRT President commented “Hong Kong is a market full of potential and with an abundant supply of talents. We expect and have confidence that the Hong Kong market will do well in the newly added awards and rise steadily in various rankings, achieving even better results in the coming future.”

MDRT Expanded Company Rankings
Using a more holistic approach to measuring achievement, MDRT will restructure and add new categories to its Company Rankings beginning in 2022. These new categories will recognize companies that achieve excellence in the areas of MDRT membership growth, retention, and longevity – areas that demonstrate a commitment to investing in their advisors’ personal and professional development. The eight new rankings include:

— Top 25 Companies – Total Membership Growth
— Top 25 Companies – Percentage of Membership Growth
— Top 25 Companies – Total Members who Rejoined
— Top 25 Companies – Percentage of Members who Rejoined
— Top 25 Companies – Total Number of 5-9 Year Members
— Top 25 Companies – Percentage of 5-9 Year Members
— Top 25 Companies – Total Number of Qualifying and Life Members
— Top 25 Companies – Percentage of Qualifying and Life Members

“MDRT membership growth, retention, and longevity are critical to companies that want to generate success within their ranks and demonstrate a commitment to excellence,” said Randy Scritchfield, CFP, LUTCF, MDRT President. “These new categories provide an opportunity to celebrate the financial service professionals who achieve and maintain career-long success with their MDRT membership and acknowledge the important role their companies play in supporting that success.”

The 2022 Company Rankings will be announced in early July.

About MDRT
MDRT, The Premier Association of Financial Professionals, is a global, independent association of the world’s leading life insurance and financial services professionals from more than 500 companies in 70 markets. MDRT members demonstrate exceptional professional knowledge, strict ethical conduct and outstanding client service. MDRT membership is recognized internationally as the standard of excellence in the life insurance and financial services business. For more information, please visit https://www.mdrt.org/ and follow them on Twitter @MDRtweet.