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CII M92 Exam Syllabus Topics:

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

CII Insurance Business and Finance (IBF) Sample Questions:

1. The plan to takeover NTU by ABC would need to be discussed and agreed by a majority of the ABC shareholders at

A) A meeting of the Franchise Board.
B) An extraordinary meeting.
C) The next annual general meeting.
D) A board meeting without shareholder involvement.


2. The company's liquidity ratio will show the relationship of

A) return on equity to cost of capital.
B) liabilities to cash and investments.
C) technical provisions to earned premium.
D) assets to liabilities.


3. A balance sheet records a company's what?

A) Profit or loss for the year
B) Budgetary variances
C) Cash inflows and outflows
D) Net financial position


4. A public limited company which has a year end of 31 December must file their accounts by the following:

A) 30 June.
B) 30 September.
C) 31 December.
D) 31 March.


5. Which management style would it be best to adopt during a period of radical change?

A) Paternalistic.
B) Laissez-faire.
C) Autocratic.
D) Democratic.


Solutions:

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

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