Insurance Business and Finance (IBF): M92 Exam


"Insurance Business and Finance (IBF)", also known as M92 exam, is a CII Certification. With the complete collection of questions and answers, PrepAwayPDF has assembled to take you through 84 Q&As to your M92 Exam preparation. In the M92 exam resources, you will cover every field and category in Certificate in Insurance Certification helping to ready you for your successful CII Certification.

  • Exam Code: M92
  • Exam Name: Insurance Business and Finance (IBF)
  • Total Questions: 84

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CII M92 Exam Syllabus Topics:

SectionObjectives
Topic 1: Risk Management and Regulation- Regulatory framework in insurance
- Risk identification and control
Topic 2: Financial Services and Markets- Financial system overview
- Insurance and capital markets interaction
Topic 3: Insurance Operations- Claims handling process
- Underwriting principles
Topic 4: Accounting and Financial Statements- Interpreting financial statements
- Basic accounting concepts
Topic 5: Insurance and Business Environment- Structure of the insurance market
- Role of insurers, intermediaries, and regulators
Topic 6: Insurance Principles and Practice- Risk and insurance principles
- Policy structure and contract fundamentals

CII Insurance Business and Finance (IBF) Sample Questions:

A business plan that focuses on the policies necessary over one to three years to implement key elements of strategy is called a[n]:

  • A. strategic plan.
  • B. contingency plan.
  • C. tactical plan.
  • D. operational plan.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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The financial strength of an insurance company as measured by a ratings agency is always what?

  • A. A measure of its market share
  • B. A guarantee of policyholder dividends
  • C. A measure of it's ability to pay claims
  • D. An assessment of stock price growth potential
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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What will the activities of an insurers finance director most likely include?

  • A. Preparation for reviews by rating agencies.
  • B. Managing the internal audit plan.
  • C. Supervising the actuarial function.
  • D. The technical pricing of new and existing products.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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The chief executive officer of a large insurance company wishes to review its solvency margin. From which financial document will he obtain the necessary information?

  • A. Balance sheet
  • B. The income statement
  • C. The management accounts
  • D. The statement of cash flows
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Under which Act would it be a civil offence if Mark were to sell his shares following information obtained in May?

  • A. The Bribery Act 2010
  • B. Financial Services and Markets Act 2000
  • C. Data Protection Act 2018
  • D. Companies Act 2006
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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