CII M92 Q&A - in .pdf

  • M92 pdf
  • Exam Code: M92
  • Exam Name: Insurance Business and Finance (IBF)
  • Updated: Aug 12, 2026
  • Q & A: 84 Questions and Answers
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  • Exam Code: M92
  • Exam Name: Insurance Business and Finance (IBF)
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  • Updated: Aug 12, 2026
  • Q & A: 84 Questions and Answers
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CII M92 Q&A - Testing Engine

  • M92 Testing Engine
  • Exam Code: M92
  • Exam Name: Insurance Business and Finance (IBF)
  • Updated: Aug 12, 2026
  • Q & A: 84 Questions and Answers
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CII M92 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Financial Management of Insurers25-30- Capital management and solvency
- Solvency II framework
- Investment management
- Financial statements and accounts
- Premium reserves and claims reserves
Topic 2: Business Strategy and Operations10-15- Technology and digital transformation
- Product development and management
- Strategic planning for insurers
- Customer service and relationship management
Topic 3: The Insurance Market and Business Environment20-25- Regulatory and legal framework
- Market competition and segmentation
- Structure of the insurance market
- Insurance intermediaries and distribution channels
Topic 4: Legal and Regulatory Requirements15-20- Prudential regulation
- Data protection and compliance
- Consumer protection requirements
- Conduct of business regulation
Topic 5: Underwriting and Pricing20-25- Pricing factors and methods
- Underwriting principles and process
- Claims handling overview
- Risk assessment and classification

CII Insurance Business and Finance (IBF) Sample Questions:

1. What would NOT typically be regarded as a part or component of all businesses?

A) Financial resources.
B) Physical resources.
C) Intellectual resources.
D) Human resources.


2. Under the principles of the Data Protection Act 1988, unless adequate protection exists, personal data should not be transferred

A) To any loss adjuster.
B) To the policyholder.
C) To any underwriter.
D) Outside the EEA.


3. The acquisition of a specialist panel of loss adjusters by an insurer is an example of what?

A) Horizontal Diversification
B) Horizontal Integration
C) Conglomerate Diversification
D) Vertical Integration


4. The chief actuary of an insurance company is usually responsible for what?

A) Financial accounting and tax reporting
B) Managing the sales and marketing team
C) Supervising the internal audit function
D) Technical pricing of new and existing products


5. What information must be used to calculate the return on equity?

A) Total assets and total liabilities
B) Gross written premium and net income
C) Operating costs and investment income
D) Profit after tax and capital


Solutions:

Question # 1
Answer: C
Question # 2
Answer: D
Question # 3
Answer: D
Question # 4
Answer: D
Question # 5
Answer: D

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