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CII M92 Exam Overview:
| Certification Vendor: | Chartered Insurance Institute (CII) |
|---|---|
| Exam Name: | CII M92 Insurance Business and Finance |
| Exam Number: | M92 |
| Available Languages: | English |
| Passing Score: | 70% |
| Related Certifications: | Certificate in Insurance (Cert CII) |
| Exam Duration: | 120 minutes |
| Real Exam Qty: | 100 |
| Exam Format: | Computer-based exam, Multiple choice questions (MCQ) |
| Certificate Validity Period: | No expiry (CII qualification does not expire) |
| Recommended Training: | CII Official Learning Resources |
| Exam Registration: | CII Official Exam Registration |
| Sample Questions: | CII M92 Sample Questions |
| Exam Way: | Computer-based exam delivered via test centre or online proctoring |
CII M92 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Insurance Operations | - Underwriting principles - Claims handling process |
| Accounting and Financial Statements | - Basic accounting concepts - Interpreting financial statements |
| Insurance Principles and Practice | - Risk and insurance principles - Policy structure and contract fundamentals |
| Financial Services and Markets | - Financial system overview - Insurance and capital markets interaction |
| Risk Management and Regulation | - Risk identification and control - Regulatory framework in insurance |
| Insurance and Business Environment | - Structure of the insurance market - Role of insurers, intermediaries, and regulators |
CII Insurance Business and Finance (IBF) Sample Questions:
Under the activity-based costing system used by the insurer, a department regarded as a profit centre will...?
- A. be solely responsible for its investment income.
- B. be exempt from internal budgetary control.
- C. be invoiced by a central department on a cost per unit basis.
- D. not be allocated any costs.
Correct Answer: C 🗳️
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A business plan that focuses on the policies necessary over one to three years to implement key elements of strategy is called a[n]:
- A. contingency plan.
- B. operational plan.
- C. strategic plan.
- D. tactical plan.
Correct Answer: D 🗳️
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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.
Correct Answer: D 🗳️
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Management actions are often regarded as consisting of four key elements. What are these?
- A. Strategic; tactical; operational; transactional.
- B. Financial; customer; internal; learning.
- C. Risk; compliance; audit; legal.
- D. Planning; organising; leading; controlling.
Correct Answer: D 🗳️
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The balanced scorecard approach to measuring organisation performance has four perspectives. What are the four perspectives recommended by this approach?
- A. Financial; internal business processes; learning & growth; customer.
- B. Shareholder; policyholder; employee; supplier.
- C. Planning; organising; leading; controlling.
- D. Regulatory; solvency; liquidity; profitability.
Correct Answer: A 🗳️
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