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About ARC

Actuarial Resources Corporation (ARC) is a nationally recognized actuarial software and consulting firm.  

 

Since 1987, we have been providing services for life, annuity, and health insurers, reinsurers, investors, lenders, guaranty associations, state regulators, producers, and attorneys needing expert advice or testimony in insurance and tax matters.

Copyright © 1987 - 2018 Actuarial Resources Corporation. All rights reserved.

Edward C. Jarrett, FSA, MAAA

Principal and Director of GAAP Systems & Consulting

 

Ed has over 35 years of experience in the life insurance industry. He began his career with one of the nation's leading life insurers, after which, he began a very successful consulting career.  Ed has accumulated a broad range of experience, as outlined below.

 

Recent Experience

  • GAAP valuation

    • Mr. Jarrett is the ARC firm expert in U.S. GAAP.

    • He developed, implemented and currently manages ARC’s solution to the valuation actuarial requirements for FAS 97, FAS 120, SOP 03-1, SOP 05-1, and fair value of equity indexed annuities

    • Designed and managed implementation of US GAAP valuation processes for multi-national insurer

  • GAAP conversions

    • Assisted in numerous GAAP conversions of universal life, annuities, and traditional life business to ARC’s valuation systems and the Prophet System

  • GAAP actuarial

    • Provided professional review of US GAAP valuation processes and results.

    • Provided input and guidance to companies in developing and implementing GAAP practices and procedures

 

Education / Exams

  • Bachelor of Science in Mathematics - California Polytechnic University at San Luis Obispo

  • Fellow of the Society of Actuaries

  • Member of the American Academy of Actuaries

 

Relevant Experience

  • Prophet (2+ years experience)

    • Libraries: US, International, Conventional, Unit Linked, ALS

  • ARCVAL (25 years experience)

    • GAAP UL, GAAP DA, GAAP History Builder, Financial Forecaster, TL-Flyer, ULtraVAL, CARVM

  • Financial Reporting for all aspects of life, annuity and health insurance, both on US GAAP and Statutory accounting bases

  • GAAP and Purchase GAAP for Insurance Products under FAS 60, FAS 97, and FAS 120

  • Life Company Evaluations including Acquisition and Actuarial Appraisal Valuations

  • Pricing and Product Design for Interest Sensitive Life, Annuity and Universal Life Products

  • Traditional Life and Health Product Design and Pricing

  • Term Insurance Product Development and Strategy Formation

  • Management of In Force Life and Health Insurance

  • Measuring of Experience on Life and Health products

  • Evaluation of Reinsurance Costs and Competitiveness