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CII M92 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Risk Management and Regulation | - Risk identification and control - Regulatory framework in insurance |
| Accounting and Financial Statements | - Interpreting financial statements - Basic accounting concepts |
| Insurance Operations | - Claims handling process - Underwriting principles |
| Insurance Principles and Practice | - Policy structure and contract fundamentals - Risk and insurance principles |
| Insurance and Business Environment | - Structure of the insurance market - Role of insurers, intermediaries, and regulators |
| Financial Services and Markets | - Insurance and capital markets interaction - Financial system overview |
CII Insurance Business and Finance (IBF): Frequently Asked Questions
The M92 exam leads to the Insurance Business and Finance (IBF) certification from Chartered Insurance Institute (CII). It is positioned at the Certificate level. The exam validates the knowledge and skills expected of candidates preparing for CII Insurance Business and Finance (IBF).
Related certifications include:
- Certificate in Insurance (Cert CII)
The M92 exam includes 100 questions and allows 120 minutes. Before test day, divide the available time by the number of questions in a timed practice set to establish a steady per-question pace. If a difficult item starts consuming too much time, mark it for review and move forward instead of losing momentum. A full timed practice session can help you decide when to move on, when to return, and how much buffer to reserve for a final check.
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The available exam delivery method is Computer-based exam delivered via test centre or online proctoring.
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After reviewing the recommended training, reinforce what you learned with ValidVCE's 84 practice questions for M92.
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The current M92 outline is organized into 6 top-level domains. The first listed areas include:
- Risk Management and Regulation
- Insurance Principles and Practice
- Accounting and Financial Statements
Review the Exam Topics section above for the complete outline and any nested subtopics.
CII Insurance Business and Finance (IBF) Sample Questions:
The acquisition of a specialist panel of loss adjusters by an insurer is an example of what?
- A. Vertical Integration
- B. Conglomerate Diversification
- C. Horizontal Integration
- D. Horizontal Diversification
Correct Answer: A 🗳️
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What information must be used to calculate the return on equity?
- A. Operating costs and investment income
- B. Total assets and total liabilities
- C. Gross written premium and net income
- D. Profit after tax and capital
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 any underwriter.
- C. To the policyholder.
- D. Outside the EEA.
Correct Answer: D 🗳️
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Which distribution channel for insurance most commonly offers white-labelled products?
- A. Consumers
- B. Merchant Wholesalers
- C. Investors
- D. Retailers
Correct Answer: D 🗳️
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In the context of management information systems, a control cycle is best described as the
- A. training program for new IT staff.
- B. comparison against a plan and production of reports by exception.
- C. process of encrypting sensitive client data.
- D. full automation of the underwriting process.
Correct Answer: B 🗳️
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