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CII M92 Valid Braindumps - Insurance Business and Finance (IBF)

M92
  • Exam Code: M92
  • Exam Name: Insurance Business and Finance (IBF)
  • Updated: Aug 10, 2026
  • Q & A: 84 Questions and Answers
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CII M92 Exam Syllabus Topics:

SectionObjectives
Insurance Principles and Practice- Risk and insurance principles
- Policy structure and contract fundamentals
Insurance Operations- Claims handling process
- Underwriting principles
Accounting and Financial Statements- Basic accounting concepts
- Interpreting financial statements
Insurance and Business Environment- Role of insurers, intermediaries, and regulators
- Structure of the insurance market
Financial Services and Markets- Insurance and capital markets interaction
- Financial system overview
Risk Management and Regulation- Risk identification and control
- Regulatory framework in insurance

CII Insurance Business and Finance (IBF) Sample Questions:

1. What will the activities of an insurers finance director most likely include?

A) Managing the internal audit plan.
B) The technical pricing of new and existing products.
C) Supervising the actuarial function.
D) Preparation for reviews by rating agencies.


2. An item has been inserted in a company's balance sheet in respect of machinery. Under which heading will this normally appear?

A) Shareholder equity.
B) Technical provisions.
C) Current assets.
D) Non-current assets.


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

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


4. What is the most likely explanation for the company's return on capital employed being lower than its competitors if they have a good combined ratio?

A) Higher premium retention.
B) Higher solvency margin.
C) Poor investment returns.
D) Lower expense ratio.


5. An insurer holds claims details on an ex-policyholder. When would the requirements of the Data Protection Act 1998 stop applying to this information?

A) When the policyholder reaches retirement age.
B) Upon the death of the policyholder.
C) Immediately upon the sale of the policy to another insurer.
D) After five years of policy termination.


Solutions:

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

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