M92 Q&A - in .pdf

  • M92 pdf
  • Exam Code: M92
  • Exam Name: Insurance Business and Finance (IBF)
  • Updated: Sep 04, 2026
  • Q & A: 84 Questions and Answers
  • Convenient, easy to study.
    Printable CII M92 PDF Format. It is an electronic file format regardless of the operating system platform.
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  • PDF Price: $59.99

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  • Exam Code: M92
  • Exam Name: Insurance Business and Finance (IBF)
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  • Updated: Sep 04, 2026
  • Q & A: 84 Questions and Answers
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M92 Q&A - Testing Engine

  • M92 Testing Engine
  • Exam Code: M92
  • Exam Name: Insurance Business and Finance (IBF)
  • Updated: Sep 04, 2026
  • Q & A: 84 Questions and Answers
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CII M92 Exam Syllabus Topics:

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

CII Insurance Business and Finance (IBF) Sample Questions:

Question 1

Which organisation's goal is to improve the long term profitability of all capital providers and monitor and guide managing agents?

A. The Prudential Regulation Authority.
B. The Franchise Board.
C. The Financial Conduct Authority.
D. Lloyd's Market Association.


Question 2

To whom is financial accounting most useful?

A. Stakeholders.
B. The internal audit team.
C. Regulators only.
D. The underwriting department for technical pricing.


Question 3

An insurer's Articles of Association must include

A. the minutes of the last board meeting.
B. the audited financial statements.
C. the regulations for the running of the insurer's internal affairs.
D. the premium rates for its top-selling products.


Question 4

An insurer is establishing its claims reserving policy on a discounted claims basis. This confirms that...

A. all claims will be paid more quickly
B. investment income is being taken into account
C. the insurer is insolvent
D. the reserve will be larger than an undiscounted reserve


Question 5

What is the consequence of using some of the reserves to fund a new project?

A. The company will become insolvent.
B. Technical provisions must be recalculated by the chief actuary.
C. Any subsequent increase in profits may pass to shareholders as dividends.
D. The solvency margin will decrease.


Solutions:

Question 1
Answer: B
Question 2
Answer: A
Question 3
Answer: C
Question 4
Answer: B
Question 5
Answer: C

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