M92 exam dumps

CII M92 Value Package

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  • Exam Code: M92
  • Exam Name: Insurance Business and Finance (IBF)
  • No. of Questions: 84 Questions and Answers
  • Updated: Jul 22, 2026

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CII M92 Exam Syllabus Topics:

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

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