Pass the actual test with the help of M92 study guide
Updated: Oct 10, 2026
No. of Questions: 84 Questions & Answers with Testing Engine
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| Certification Vendor: | CII (Chartered Insurance Institute) |
|---|---|
| Exam Name: | Insurance Business and Finance (IBF) |
| Exam Number: | M92 |
| Certificate Validity Period: | No expiry (once passed) |
| Exam Price: | GBP 155-180 |
| Exam Duration: | 120 minutes |
| Passing Score: | 55 |
| Exam Format: | Multiple Choice |
| Real Exam Qty: | 100 |
| Available Languages: | English |
| Related Certifications: | Diploma in Insurance Advanced Diploma in Insurance |
| Sample Questions: | CII M92 Sample Questions |
| Exam Way: | Computer-Based Testing (CBT) at Pearson VUE centres or Paper-based (where available) |
| Pre Condition: | CII Diploma in Insurance (or equivalent) recommended; no formal prerequisite but foundational insurance knowledge expected |
| Official Syllabus URL: | https://www.cii.co.uk/qualifications/m92-insurance-business-and-finance/ |
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Underwriting and Pricing | 20-25 | - Underwriting principles and process - Pricing factors and methods - Risk assessment and classification - Claims handling overview |
| Topic 2: Business Strategy and Operations | 10-15 | - Technology and digital transformation - Customer service and relationship management - Strategic planning for insurers - Product development and management |
| Topic 3: Legal and Regulatory Requirements | 15-20 | - Conduct of business regulation - Prudential regulation - Consumer protection requirements - Data protection and compliance |
| Topic 4: Financial Management of Insurers | 25-30 | - Premium reserves and claims reserves - Capital management and solvency - Financial statements and accounts - Investment management - Solvency II framework |
| Topic 5: The Insurance Market and Business Environment | 20-25 | - Market competition and segmentation - Insurance intermediaries and distribution channels - Regulatory and legal framework - Structure of the insurance market |
An item has been inserted in a company's balance sheet in respect of machinery. Under which heading will this normally appear?
Correct Answer: C 🗳️
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To whom is financial accounting most useful?
Correct Answer: C 🗳️
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Which financial document will the CEO use to obtain the solvency margin?
Correct Answer: C 🗳️
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The balanced scorecard approach to measuring organisation performance has four perspectives. What are the four perspectives recommended by this approach?
Correct Answer: D 🗳️
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Which type of activity in the Standard and Poor's insurance ratings framework is most likely to be classified as a modifier?
Correct Answer: D 🗳️
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