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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: | 3 years from certification |
| Available Languages: | English |
| Exam Price: | £215.00 (approx., includes first entry and materials) |
| Related Certifications: | Advanced Diploma in Insurance Certificate in Insurance |
| Exam Duration: | 90 minutes |
| Real Exam Qty: | 50 (25 standalone + 25 case-based) |
| Exam Format: | Multiple Choice Questions, Case Study Based Questions, Coursework Assignment |
| Passing Score: | 65% (exam), 60% (coursework) |
| Recommended Training: | M92 Preparation Workshop M92 Study Text & Revision Materials |
| Exam Registration: | CII Official Registration |
| Sample Questions: |  |
| Exam Way: | Online remote proctored or on-site at approved test centres; coursework completed online via RevisionMate |
| Pre Condition: | No mandatory prerequisites; recommended for those working in insurance or related financial services |
| Official Syllabus URL: | https://www.ciigroup.org/learning/qualifications/diploma-in-insurance-qualification/unit-insurance-business-and-finance-m92/ |
CII M92 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Understand the structure of the insurance industry | 10% | - Regulatory framework and bodies - Market distribution channels - Main sectors and participants |
| Topic 2: Understand accounting principles and application | 18% | - Income, expenditure and profit measurement - Basic accounting concepts and standards - Asset and liability recognition |
| Topic 3: Understand insurance company accounts and standards | 10% | - Statutory and regulatory reporting - Solvency and capital reporting - Specific accounting rules for insurers |
| Topic 4: Understand roles and functions within insurance organisations | 8% | - Professional roles and responsibilities - Key departments and their interactions |
| Topic 5: Understand insurance business management | 12% | - Underwriting and claims processes - Business objectives and strategy - Operational activities and controls |
| Topic 6: Understand financial strength of insurance companies | 10% | - Rating agencies and financial assessments - Capital adequacy requirements - Reserving and risk capital |
| Topic 7: Case studies integrating all learning outcomes | 10% | |
| Topic 8: Understand corporate governance principles | 12% | - Risk management frameworks - Governance structures and responsibilities - Compliance and ethical requirements |
| Topic 9: Analyse business performance using financial ratios | 10% | - Interpretation and limitations of ratios - Profitability and efficiency ratios - Solvency and liquidity measures |
The M92 Exam and Our Services, Question by Question
CII recommends the following official training resources:
Choose the format that fits your schedule, then reinforce it with regular question practice.
The latest exam information lists 50 (25 standalone + 25 case-based) questions for the M92 exam, to be completed within 90 minutes minutes. Knowing the format cold is half the battle — timed practice handles the other half.
These are the core domains of the CII Insurance Business and Finance (IBF) blueprint:
- Analyse business performance using financial ratios (10%)
- Understand financial strength of insurance companies (10%)
- Understand accounting principles and application (18%)
The remaining domains appear in the full official outline, all of which our bank addresses.
CII sets the following prerequisites for the CII Insurance Business and Finance (IBF): No mandatory prerequisites; recommended for those working in insurance or related financial services.
Check the current requirements on the official certification page before scheduling.
Validity is maintained, not assumed. Our dedicated IT team checks the system and pushes new versions to the site continuously, so the M92 bank on sale is always the latest — with expert-verified answers across the CII Insurance Business and Finance (IBF) objectives. You can also pick the format that fits your devices: an easy-to-read PDF, a Windows PC test engine, or a browser-based online engine for Windows, Mac, Android, and iOS. Questions? Support replies to instant messages and emails within two hours.
Upon successful payment, the complete materials are available immediately: a download link on screen and an automatic email to your mailbox within about a minute. If nothing arrives within two hours, check spam and contact support. Every purchase carries a 365-day service warranty — you can download the latest valid version free whenever it is released, no matter when you bought — and a 50% renewal discount follows when the period ends.
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Yes, we keep our promises — in writing. If you fail the corresponding exam within 60 days of purchase, email us a scanned copy of your enrollment slip and your official Score Report PDF within two days of the exam date; we process verified refunds in full within seven days. The exclusions are plain: exams taken within three days of purchase, candidate names that do not match the payer, and free or expired products. If you prefer, we will exchange your product for two others of equal value at no charge.
As of the latest information, the M92 exam's passing score is 65% (exam), 60% (coursework) and the registration fee is £215.00 (approx., includes first entry and materials). CII can adjust either figure, so verify both on the official site before you book.
CII Insurance Business and Finance (IBF) Sample Questions:
An insurer has committed a breach, under the General Data Protection Regulation (GDPR). Within what maximum period must the breach be reported to the Information Commissioner's office?
- A. 24 hours.
- B. 7 calendar days.
- C. 72 hours.
- D. 30 calendar days.
Correct Answer: C 🗳️
Explanation: Only visible for TestInsides members. You can sign-up / login (it's free).
How will a recent acquisition of the subsidiary be shown on the insurer's cash flow statement?
- A. As a cash outflow from investment activities.
- B. As a financing inflow.
- C. It is not shown on the cash flow statement.
- D. As an operational income.
Correct Answer: A 🗳️
Explanation: Only visible for TestInsides members. You can sign-up / login (it's free).
An item has been inserted in a company's balance sheet in respect of machinery. Under which heading will this normally appear?
- A. Non-current assets.
- B. Current assets.
- C. Shareholder equity.
- D. Technical provisions.
Correct Answer: A 🗳️
Explanation: Only visible for TestInsides members. You can sign-up / login (it's free).
What would NOT typically be regarded as a part or component of all businesses?
- A. Physical resources.
- B. Financial resources.
- C. Human resources.
- D. Intellectual resources.
Correct Answer: D 🗳️
Explanation: Only visible for TestInsides members. You can sign-up / login (it's free).
Which organisation's goal is to improve the long term profitability of all capital providers and monitor and guide managing agents?
- A. The Financial Conduct Authority.
- B. The Franchise Board.
- C. Lloyd's Market Association.
- D. The Prudential Regulation Authority.
Correct Answer: B 🗳️
Explanation: Only visible for TestInsides members. You can sign-up / login (it's free).
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