Roll cost and valuation reserve definitions

[BHeng9611]

Hi all,

Refer to the attachment, may I know what is the meaning of roll cost, positive roll cost and valuation reserve? Based on my understanding valuation reserve is only for insurance company, not banks.

Thank you in advance,
BX

 

[yLam4028]

I recommend you start with Valudation then Financial product. You will come across them soon in these two chapters ( at least for roll cost).