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CII M92 Exam Overview:
| Certification Vendor: | CII (Chartered Insurance Institute) |
|---|---|
| Exam Name: | Insurance Business and Finance (IBF) |
| Exam Number: | M92 |
| Certificate Validity Period: | No expiry (once passed) |
| Related Certifications: | Diploma in Insurance Advanced Diploma in Insurance |
| Passing Score: | 55 |
| Real Exam Qty: | 100 |
| Exam Duration: | 120 minutes |
| Exam Price: | GBP 155-180 |
| Exam Format: | Multiple Choice |
| Available Languages: | English |
| 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/ |
CII M92 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Financial Management of Insurers | 25-30 | - Premium reserves and claims reserves - Financial statements and accounts - Solvency II framework - Investment management - Capital management and solvency |
| Topic 2: Business Strategy and Operations | 10-15 | - Technology and digital transformation - Strategic planning for insurers - Customer service and relationship management - Product development and management |
| Topic 3: Underwriting and Pricing | 20-25 | - Claims handling overview - Pricing factors and methods - Underwriting principles and process - Risk assessment and classification |
| Topic 4: The Insurance Market and Business Environment | 20-25 | - Regulatory and legal framework - Insurance intermediaries and distribution channels - Structure of the insurance market - Market competition and segmentation |
| Topic 5: Legal and Regulatory Requirements | 15-20 | - Conduct of business regulation - Data protection and compliance - Prudential regulation - Consumer protection requirements |
CII M92 Exam — Honest Answers
Delivery is instant — payment triggers an automatic email within a minute, with unlimited installations and 24/7 assistance if nothing arrives within 2 hours (check spam). Updates arrive the same way: for 365 days, each new version is sent to your mailbox immediately upon release. And if you fail the corresponding M92 exam within 60 days of purchase, we refund in full: submit a scanned enrollment slip plus the official Score Report PDF within 2 days of the exam, processed within 7 days. Excluded: exams within 3 days of purchase, candidate names that don't match the payer, and free or expired products. You can also exchange for two equal-value products free.
GBP 155-180 per attempt, 55 to pass. Retakes bill the full fee again — which is why accurate preparation with the 84 practice questions from TorrentExam is the economical route.
Yes — a free CII Insurance Business and Finance (IBF) demo is available to download before you decide. Evaluate the questions and answers yourself; every purchase then includes 365 days of free updates, renewable at 50% off afterward.
120 minutes for 100 questions. Practice seriously with the clock running — timed sessions in the TorrentExam engine turn time pressure into routine before test day.
The CII Insurance Business and Finance (IBF) is CII's certification exam for Certificate in Insurance, at the Advanced Diploma level. For IT workers with aspirations, it's essential proof of capability — the line that starts or advances a career. Related credentials include Diploma in Insurance, Advanced Diploma in Insurance.
The CII Insurance Business and Finance (IBF) blueprint spans 5 domains — including Legal and Regulatory Requirements (15-20), Business Strategy and Operations (10-15), Financial Management of Insurers (25-30). Allocate study time by weighting, and consult the full outline above for every subtopic.
CII Diploma in Insurance (or equivalent) recommended; no formal prerequisite but foundational insurance knowledge expected Vendors revise eligibility rules periodically, so confirm the current requirements on the official page (official M92 exam page) before registering.
CII Insurance Business and Finance (IBF) Sample Questions:
An individual's role is to set policy, monitor controls and check adherence to it. Where is this role most likely to fall within the 'three lines of defence' model of risk management?
- A. The first line of defence.
- B. The third line of defence.
- C. The second line of defence.
- D. The external auditor's remit.
Correct Answer: C 🗳️
Explanation: Only visible for TorrentExam members. You can sign-up / login (it's free).
The chief actuary of an insurance company is usually responsible for what?
- A. Supervising the internal audit function
- B. Managing the sales and marketing team
- C. Financial accounting and tax reporting
- D. Technical pricing of new and existing products
Correct Answer: D 🗳️
Explanation: Only visible for TorrentExam members. You can sign-up / login (it's free).
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. Strategic
- C. Group
- D. Operational
Correct Answer: C 🗳️
Explanation: Only visible for TorrentExam members. You can sign-up / login (it's free).
The company's liquidity ratio will show the relationship of
- A. return on equity to cost of capital.
- B. assets to liabilities.
- C. technical provisions to earned premium.
- D. liabilities to cash and investments.
Correct Answer: D 🗳️
Explanation: Only visible for TorrentExam members. You can sign-up / login (it's free).
What would NOT typically be regarded as a part or component of all businesses?
- A. Financial resources.
- B. Intellectual resources.
- C. Human resources.
- D. Physical resources.
Correct Answer: B 🗳️
Explanation: Only visible for TorrentExam members. You can sign-up / login (it's free).
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