CII M92 Q&A - in .pdf

  • M92 pdf
  • Exam Code: M92
  • Exam Name: Insurance Business and Finance (IBF)
  • Updated: Oct 16, 2026
  • Q & A: 84 Questions and Answers
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CII M92 Q&A - Testing Engine

  • M92 Testing Engine
  • Exam Code: M92
  • Exam Name: Insurance Business and Finance (IBF)
  • Updated: Oct 16, 2026
  • Q & A: 84 Questions and Answers
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M92 Practice Dumps

CII M92 Exam Syllabus Topics:

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

CII Insurance Business and Finance (IBF) Sample Questions:

Question #1

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.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #2

How is an insurer's solvency coverage ratio calculated?

  • A. Profit after tax divided by earned premium.
  • B. Surplus regulatory capital divided by regulatory capital required.
  • C. Operating profit divided by total liabilities.
  • D. Net written premium divided by total assets.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #3

What is the consequence of using some of the reserves to fund a new project?

  • A. The company will become insolvent.
  • B. Technical provisions must be recalculated by the chief actuary.
  • C. Any subsequent increase in profits may pass to shareholders as dividends.
  • D. The solvency margin will decrease.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #4

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

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

Correct Answer: C  🗳️

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Question #5

An international composite insurer is drafting its annual report. In accordance with the Companies Act 2006, what is the position regarding the inclusion of a chairman's statement in this report?

  • A. It is a mandatory requirement for all composite insurers.
  • B. It must be signed by the chief actuary.
  • C. It is only required if the company is listed on the London Stock Exchange.
  • D. It is optional in all circumstances.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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