M92 Question Includes: Single Choice Questions: 82,
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The CII M92 Exam, Insurance Business and Finance, is part of the Diploma in Insurance qualification. It develops knowledge of insurance business structures, financial accounting principles, corporate governance, and the financial strength of insurance companies.
The exam is ideal for insurance professionals, finance managers, and those seeking to progress toward the Diploma or Advanced Diploma in Insurance. It suits candidates aiming to strengthen their understanding of insurance finance and business operations.
The M92 exam is 1.5 hours long and consists of 25 multiple-choice questions plus 5 case studies (each with 5 MCQs). This structure tests both theoretical knowledge and practical application.
The pass mark is 65%, meaning candidates must demonstrate strong understanding across all syllabus areas.
The syllabus includes:
Structure of the insurance industry
Management of insurance businesses
Corporate governance
Accounting principles and practices
Insurance company accounts
Financial ratios and analysis
Assessing financial strength of insurers
The CII recommends 100 hours of study time. This includes reading the M92 study guide, practicing exam questions, and reviewing case studies.
The CII M92 exam focuses on financial management, business performance, and strategic decision-making within insurance organizations, making it more advanced and analytical. In contrast, the IF1 - Insurance Legal and Regulatory exam concentrates on legal principles, regulations, and compliance within the insurance industry.
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