CII M92 Exam Questions : Insurance Business and Finance (IBF)

  • Exam Code: M92
  • Exam Name: Insurance Business and Finance (IBF)
  • Updated: Sep 09, 2026
  • Q&As: 84 Questions and Answers

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

CII Insurance Business and Finance (IBF) Sample Questions:

Question #1

A public limited company which has a year end of 31 December must file their accounts by the following:

  • A. 31 March.
  • B. 30 September.
  • C. 31 December.
  • D. 30 June.
Answer: D

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Question #2

A balance sheet records a company's what?

  • A. Profit or loss for the year
  • B. Budgetary variances
  • C. Net financial position
  • D. Cash inflows and outflows
Answer: C

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Question #3

Which document sets out a company's name and registered office?

  • A. The Memorandum of Association.
  • B. The Articles of Association.
  • C. The Chairman's Statement.
  • D. The registration document / Certificate of Incorporation.
Answer: D

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Question #4

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

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

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Question #5

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

  • A. viability of undertaking future projects.
  • B. solvency coverage ratio.
  • C. claims settlement time.
  • D. current return on equity.
Answer: A

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