M92 exam dumps

CII M92 Value Package

(Include: PDF + Desktop Test Engine + Online Test Engine)

  • Exam Code: M92
  • Exam Name: Insurance Business and Finance (IBF)
  • No. of Questions: 84 Questions and Answers
  • Updated: Oct 07, 2026

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  • Total Questions: 84
  • Updated on: Oct 07, 2026
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  • Total Questions: 84
  • Updated on: Oct 07, 2026
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  • Total Questions: 84
  • Updated on: Oct 07, 2026
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CII M92 Exam Syllabus Topics:

SectionWeightObjectives
Understand roles and functions within insurance organisations8%- Professional roles and responsibilities
- Key departments and their interactions
Understand corporate governance principles12%- Compliance and ethical requirements
- Governance structures and responsibilities
- Risk management frameworks
Analyse business performance using financial ratios10%- Profitability and efficiency ratios
- Interpretation and limitations of ratios
- Solvency and liquidity measures
Understand accounting principles and application18%- Income, expenditure and profit measurement
- Basic accounting concepts and standards
- Asset and liability recognition
Understand the structure of the insurance industry10%- Regulatory framework and bodies
- Main sectors and participants
- Market distribution channels
Understand financial strength of insurance companies10%- Rating agencies and financial assessments
- Capital adequacy requirements
- Reserving and risk capital
Understand insurance business management12%- Underwriting and claims processes
- Operational activities and controls
- Business objectives and strategy
Understand insurance company accounts and standards10%- Solvency and capital reporting
- Statutory and regulatory reporting
- Specific accounting rules for insurers
Case studies integrating all learning outcomes10%

CII Insurance Business and Finance (IBF) Sample Questions:

When an insurance company seeks to play a role in society via sponsorship and community projects, this is known as

  • A. vertical integration.
  • B. horizontal diversification.
  • C. a stakeholder perspective.
  • D. codified management.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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

When looking at the financial strength of an insurance company, a rating agency's methodology takes into account the company's capital adequacy which represents its

  • A. quality and level of capital required to run the business.
  • B. the number of policies in force.
  • C. the market share in its chosen lines.
  • D. its total gross premium income only.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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

At what level of information will the insurer's overall budget be categorised?

  • A. Strategic
  • B. Operational
  • C. Tactical
  • D. Transactional
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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

An insurer is establishing its claims reserving policy on a discounted claims basis. This confirms that...

  • A. all claims will be paid more quickly
  • B. the insurer is insolvent
  • C. the reserve will be larger than an undiscounted reserve
  • D. investment income is being taken into account
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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

Which type of activity in the Standard and Poor's insurance ratings framework is most likely to be classified as a modifier?

  • A. Capital adequacy.
  • B. Operating performance.
  • C. Competitive position.
  • D. Enterprise risk management.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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

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