Jove
Visualize
Contact Us
JoVE
x logofacebook logolinkedin logoyoutube logo
ABOUT JoVE
OverviewLeadershipBlogJoVE Help Center
AUTHORS
Publishing ProcessEditorial BoardScope & PoliciesPeer ReviewFAQSubmit
LIBRARIANS
TestimonialsSubscriptionsAccessResourcesLibrary Advisory BoardFAQ
RESEARCH
JoVE JournalMethods CollectionsJoVE Encyclopedia of ExperimentsArchive
EDUCATION
JoVE CoreJoVE BusinessJoVE Science EducationJoVE Lab ManualFaculty Resource CenterFaculty Site
Terms & Conditions of Use
Privacy Policy
Policies

Related Experiment Videos

AIDS: MetLife's experience.

N A Pickett1, S J Drewry, E L Comer

  • 1Metlife Central Head Office, Tulsa, OK.

Statistical Bulletin (Metropolitan Life Insurance Company : 1984)
|October 1, 1990
PubMed
Summary

The insurance industry faced a significant financial impact from AIDS/HIV disease between 1986-1989. MetLife paid over $323 million for AIDS/HIV claims, showing a notable increase in claims and costs.

Related Concept Videos

You might also read

Related Articles

Articles linked to this work by shared authors, journal, and citation graph.

Sort by
Same author

Report of the ACLI's Aids Testing Subcommittee.

Transactions of the Association of Life Insurance Medical Directors of America·1989
Same author

Crescentic light-chain glomerulopathy. Report of a case.

Archives of pathology & laboratory medicine·1983
Same author

Pathophysiology of epidemic St. Louis encephalitis. I. Inappropriate secretion of antidiuretic hormone. II. Pituitary-adrenal function. 3. Cerebral blood flow and metabolism.

Annals of internal medicine·1969
See all related articles

Area of Science:

  • Health Economics
  • Insurance Industry Analysis
  • Epidemiology

Background:

  • The Acquired Immunodeficiency Syndrome/Human Immunodeficiency Virus (AIDS/HIV) epidemic presented a growing national health burden.
  • This burden had substantial implications for the financial stability and operations of the insurance sector.
  • Understanding the financial impact on insurers was crucial for risk assessment and future planning.

Purpose of the Study:

  • To analyze the financial impact of AIDS/HIV disease on the insurance industry.
  • To quantify the claims paid by MetLife for AIDS/HIV between 1986 and 1989.
  • To track the trends in personal and group insurance claims related to AIDS/HIV over the specified period.

Main Methods:

  • Analysis of MetLife's underwriting and claims files from 1986 to 1989.
  • Separation of data for personal and group insurance operations.
  • Compilation of total dollar amounts paid for AIDS/HIV related claims.

Main Results:

  • MetLife paid a total of $323,900,000 for AIDS/HIV disease claims from 1986 to 1989.
  • Personal life insurance claims increased from 344 in 1986 to 874 in 1989, with payouts rising from $3.2 million to $8.9 million.
  • In 1989, group life claims amounted to $31.5 million, and group medical payments totaled $111.2 million for 6,450 individuals. AIDS claims represented 1.61% of total claims in 1989, up from 0.4% in 1986.

Conclusions:

  • AIDS/HIV disease significantly impacted the insurance industry's financial landscape during the late 1980s.
  • There was a clear upward trend in both the number and cost of AIDS/HIV related insurance claims.
  • The findings highlight the need for insurers to account for severe health crises in their financial and underwriting strategies.

Related Experiment Videos