CII M92 real exam prep : Insurance Business and Finance (IBF)

  • Exam Code: M92
  • Exam Name: Insurance Business and Finance (IBF)
  • Updated: Oct 06, 2026
  • Q&As: 84 Questions and Answers

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CII M92 Exam Syllabus Topics:

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

CII Insurance Business and Finance (IBF) Sample Questions:

Question #1

The internal rate of return is most commonly used to measure the...?

  • A. solvency coverage ratio.
  • B. claims settlement time.
  • C. current return on equity.
  • D. viability of undertaking future projects.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #2

Which document best gives an indication of a company's liquidity?

  • A. The balance sheet.
  • B. The directors' report.
  • C. A cash flow statement.
  • D. The income statement.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #3

Which body exists to ensure that the London Market as a whole maintains and improves its position as a major worldwide insurance market?

  • A. London Market Group.
  • B. The International Underwriting Association (IUA).
  • C. The Prudential Regulation Authority.
  • D. The Franchise Board.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #4

Which UK companies are required to report whether they are compliant with the UK Corporate Governance Code?

  • A. All financial services firms.
  • B. Only composite insurers.
  • C. Only those listed on the London Stock Exchange.
  • D. All companies registered with Companies House.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #5

What is the minimum period of notice which must be given by a company to its shareholders of the annual general meeting?

  • A. 30 days.
  • B. 14 days.
  • C. 60 days.
  • D. 21 days.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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