CII M92 exam dumps : Insurance Business and Finance (IBF)

  • Exam Code: M92
  • Exam Name: Insurance Business and Finance (IBF)
  • Updated: Oct 11, 2026     Q & A: 84 Questions and Answers

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About CII M92 Exam

In 2026, earlier download still means more preparation time — the PracticeTorrent system sends your M92 files about a minute after payment, sparing every possible hour for actual study.

CII M92 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Understand insurance business management12%- Operational activities and controls
- Underwriting and claims processes
- Business objectives and strategy
Topic 2: Understand insurance company accounts and standards10%- Solvency and capital reporting
- Specific accounting rules for insurers
- Statutory and regulatory reporting
Topic 3: Understand the structure of the insurance industry10%- Regulatory framework and bodies
- Main sectors and participants
- Market distribution channels
Topic 4: Case studies integrating all learning outcomes10%
Topic 5: Understand accounting principles and application18%- Basic accounting concepts and standards
- Income, expenditure and profit measurement
- Asset and liability recognition
Topic 6: Understand roles and functions within insurance organisations8%- Key departments and their interactions
- Professional roles and responsibilities
Topic 7: Understand financial strength of insurance companies10%- Reserving and risk capital
- Capital adequacy requirements
- Rating agencies and financial assessments
Topic 8: Analyse business performance using financial ratios10%- Solvency and liquidity measures
- Profitability and efficiency ratios
- Interpretation and limitations of ratios
Topic 9: Understand corporate governance principles12%- Compliance and ethical requirements
- Governance structures and responsibilities
- Risk management frameworks

M92 Exam Facts: Choosing Wisely Among Materials

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Through the official channel: CII Official Registration Create an account, pick a test center or online proctoring, choose your date, and pay the fee to confirm your seat.
The official CII Insurance Business and Finance (IBF) outline distributes weight like this:
  • Understand insurance company accounts and standards (10%)
  • Understand financial strength of insurance companies (10%)
  • Understand roles and functions within insurance organisations (8%)
Choose a material that covers those domains properly — and let PracticeTorrent sessions confirm your hold on each.
You need 65% (exam), 60% (coursework) to pass, and the registration fee is £215.00 (approx., includes first entry and materials). Time is precious, and so is that fee — earlier preparation with verified PracticeTorrent material protects both.
All three contain the same verified bank, so the choice is purely about your life. The PDF reads and prints anywhere; the software version suits desk study with simulated exam timing; the App version lives on your phone for the moments in between — imagine a construction worker reviewing M92 questions over lunch, then finishing a set on the train home. There is no limit and no wrong answer: select whichever fits your own preference, and change formats anytime since installations are unlimited.
About 50 (25 standalone + 25 case-based) questions in 90 minutes minutes. Rehearsing at that exact pace with 84 practice questions for the M92 exam makes the real session familiar rather than frightening.
M92 Study Text & Revision Materials M92 Preparation Workshop An official course supplies structured theory, while the verified PracticeTorrent bank provides the timed rehearsal — a combination that covers the exam from both sides.
No mandatory prerequisites; recommended for those working in insurance or related financial services
Because it wins on the three things that matter. Service: staff on duty 24 hours a day, checking every M92 message without delay. Speed: files arrive about a minute after payment, so preparation starts immediately — and earlier download means more study time. Choice: PDF, software and App versions, selected freely by you. Add verified answers, daily-checked content and the conditional refund policy, and the crowded market narrows quickly.

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 December.
  • B. 31 March.
  • C. 30 June.
  • D. 30 September.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #2

Under the activity-based costing system used by the insurer, a department regarded as a profit centre will...?

  • A. be solely responsible for its investment income.
  • B. not be allocated any costs.
  • C. be exempt from internal budgetary control.
  • D. be invoiced by a central department on a cost per unit basis.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #3

An insurance company uses the double-entry accounting principle for recording insurance transactions to reflect that it has

  • A. paid a claim and reduced its asset base.
  • B. revalued its fixed assets.
  • C. created a new liability that reduces equity.
  • D. earned an amount of income which is balanced by an increase in cash.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #4

If a company were to outsource specialist-claims handling services and extend the current 30 day period of credit given to brokers was extended to 90 days then what would be the consequence?

  • A. The solvency margin will immediately increase
  • B. Premium income will accelerate
  • C. The combined operating ratio will improve
  • D. Financial resources will be impaired
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #5

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 second line of defence.
  • B. The first line of defence.
  • C. The external auditor's remit.
  • D. The third line of defence.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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