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CII M92 guide torrent - Insurance Business and Finance (IBF)

Updated: Oct 07, 2026

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M92 guide torrent
  • Exam Code: M92
  • Exam Name: Insurance Business and Finance (IBF)

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CII M92 Exam Syllabus Topics:

SectionObjectives
Risk Management and Regulation- Regulatory framework in insurance
- Risk identification and control
Insurance and Business Environment- Structure of the insurance market
- Role of insurers, intermediaries, and regulators
Financial Services and Markets- Financial system overview
- Insurance and capital markets interaction
Insurance Principles and Practice- Policy structure and contract fundamentals
- Risk and insurance principles
Accounting and Financial Statements- Basic accounting concepts
- Interpreting financial statements
Insurance Operations- Underwriting principles
- Claims handling process

CII Insurance Business and Finance (IBF) Sample Questions:

Question #1

Who would be responsible for compliance of the claims function if the activity was outsourced to a specialist claims-handling company?

  • A. The policyholder.
  • B. The insurer would be solely responsible.
  • C. The specialist claims-handling company solely.
  • D. The broker who placed the business.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #2

What is the primary function of financial accounting?

  • A. To ensure regulatory capital is minimized.
  • B. To calculate the technical premium for products.
  • C. To provide management with internal budgets.
  • D. To report the financial position to all stakeholders.
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Correct Answer: D  🗳️

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Question #3

Which distribution channel for insurance most commonly offers white-labelled products?

  • A. Consumers
  • B. Merchant Wholesalers
  • C. Retailers
  • D. Investors
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Correct Answer: C  🗳️

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Question #4

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

  • A. claims settlement time.
  • B. viability of undertaking future projects.
  • C. solvency coverage ratio.
  • D. current return on equity.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #5

What is shown respectively on a company's income statement and balance sheet?

  • A. The income statement shows the financial position at a point in time and the balance sheet shows transaction results over the accounting period.
  • B. The income statement records assets and liabilities, the balance sheet records revenue and expenses.
  • C. The income statement shows the results of transactions during the accounting period and the balance sheet shows the financial position at a particular point in time.
  • D. Both statements show the company's cash flows and net income.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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