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DOWNLOAD DEMO

CII M92 Exam Syllabus Topics:

CII Insurance Business and Finance (IBF) Sample Questions:

1. Joe should advise the Board that if the IT department is to fulfil its role within the company, it must do what?

A) Make a proactive contribution to the development of business strategy
B) Operate independently from business units
C) Maintain legacy systems without replacement
D) Focus exclusively on reducing IT costs

2. The internal rate of return is most commonly used to measure the

A) net claims ratio.
B) solvency of the company.
C) viability of undertaking future projects.
D) technical premium rate.

3. An insurer intends to assess its position via a use test. This forms part of the rules relating to...?

A) financial accounting.
B) data protection.
C) double-entry bookkeeping.
D) capital adequacy.

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

A) Horizontal Integration
B) Conglomerate Diversification
C) Vertical Integration
D) Horizontal Diversification

5. Which management style would it be best to adopt during a period of radical change?

A) Autocratic.
B) Paternalistic.
C) Democratic.
D) Laissez-faire.

Solutions: