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CII M92 Exam Syllabus Topics:
| Section | Weight | Objectives |
| Underwriting and Pricing | 20-25 | - Risk assessment and classification
- Pricing factors and methods
- Claims handling overview
- Underwriting principles and process
|
| Financial Management of Insurers | 25-30 | - Investment management
- Capital management and solvency
- Solvency II framework
- Financial statements and accounts
- Premium reserves and claims reserves
|
| The Insurance Market and Business Environment | 20-25 | - Regulatory and legal framework
- Structure of the insurance market
- Market competition and segmentation
- Insurance intermediaries and distribution channels
|
| Legal and Regulatory Requirements | 15-20 | - Consumer protection requirements
- Data protection and compliance
- Prudential regulation
- Conduct of business regulation
|
| Business Strategy and Operations | 10-15 | - Strategic planning for insurers
- Technology and digital transformation
- Product development and management
- Customer service and relationship management
|
CII Insurance Business and Finance (IBF) Sample Questions:
1. The process by which a small business is set up as a registered company is known as..?
A) Horizontal diversification.
B) Vertical integration.
C) Incorporation.
D) Codification.
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. The use of claims development tables provides valuable information about the...?
A) prior estimates of outstanding amounts.
B) speed of claim payments.
C) technical price for new business.
D) current market share.
4. Which type of activity in the Standard and Poor's insurance ratings framework is most likely to be classified as a modifier?
A) Enterprise risk management.
B) Operating performance.
C) Capital adequacy.
D) Competitive position.
5. The balanced scorecard approach to measuring organisation performance has four perspectives. What are the four perspectives recommended by this approach?
A) Financial; internal business processes; learning & growth; customer.
B) Shareholder; policyholder; employee; supplier.
C) Regulatory; solvency; liquidity; profitability.
D) Planning; organising; leading; controlling.
Solutions:
Question # 1 Answer: C | Question # 2 Answer: D | Question # 3 Answer: A | Question # 4 Answer: A | Question # 5 Answer: A |