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
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GAAP valuation
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Mr. Jarrett is the ARC firm expert in U.S. GAAP.
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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
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Designed and managed implementation of US GAAP valuation processes for multi-national insurer
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GAAP conversions
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Assisted in numerous GAAP conversions of universal life, annuities, and traditional life business to ARC’s valuation systems and the Prophet System
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GAAP actuarial
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Provided professional review of US GAAP valuation processes and results.
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Provided input and guidance to companies in developing and implementing GAAP practices and procedures
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Education / Exams
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Bachelor of Science in Mathematics - California Polytechnic University at San Luis Obispo
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Fellow of the Society of Actuaries
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Member of the American Academy of Actuaries
Relevant Experience
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Prophet (2+ years experience)
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Libraries: US, International, Conventional, Unit Linked, ALS
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ARCVAL (25 years experience)
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GAAP UL, GAAP DA, GAAP History Builder, Financial Forecaster, TL-Flyer, ULtraVAL, CARVM
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Financial Reporting for all aspects of life, annuity and health insurance, both on US GAAP and Statutory accounting bases
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GAAP and Purchase GAAP for Insurance Products under FAS 60, FAS 97, and FAS 120
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Life Company Evaluations including Acquisition and Actuarial Appraisal Valuations
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Pricing and Product Design for Interest Sensitive Life, Annuity and Universal Life Products
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Traditional Life and Health Product Design and Pricing
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Term Insurance Product Development and Strategy Formation
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Management of In Force Life and Health Insurance
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Measuring of Experience on Life and Health products
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Evaluation of Reinsurance Costs and Competitiveness