CII M92 Q&A - in .pdf

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

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

CII Insurance Business and Finance (IBF) Sample Questions:

Question #1

The company's liquidity ratio will show the relationship of

  • A. assets to liabilities.
  • B. technical provisions to earned premium.
  • C. liabilities to cash and investments.
  • D. return on equity to cost of capital.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #2

What are an individual's rights Under the Data Protection Act concerning the right to have a copy of all records held on computer and paper concerning his motor insurance policy and its associated claims files.

  • A. He has no right to have a copy of any of the records held on him.
  • B. He has a right to a copy of computerised records only.
  • C. He has a right to a copy of all records on payment of a fee.
  • D. He has a right to a copy of all paper records only.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #3

The acquisition of a specialist panel of loss adjusters by an insurer is an example of what?

  • A. Conglomerate Diversification
  • B. Horizontal Diversification
  • C. Vertical Integration
  • D. Horizontal Integration
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #4

What scope of risks within risk management is likely to be affected by the London office's financial issues and the need to sell off the New York office?

  • A. Market
  • B. Group
  • C. Strategic
  • D. Operational
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #5

An insurance company uses the double-entry accounting principle for recording insurance transactions to reflect that it has

  • A. revalued its fixed assets.
  • B. paid a claim and reduced its asset base.
  • C. created a new liability that reduces equity.
  • D. earned an amount of income which is balanced by an increase in cash.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Explanation: Only visible for TroytecDumps members. You can sign-up / login (it's free).

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