CII M92 Exam : Insurance Business and Finance (IBF)

  • Exam Code: M92
  • Exam Name: Insurance Business and Finance (IBF)
  • Updated: Jul 04, 2026
  • Q & A: 84 Questions and Answers

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CII Insurance Business and Finance (IBF) Sample Questions:

1. 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.


2. What is the most likely explanation for the company's return on capital employed being lower than its competitors if they have a good combined ratio?

A) Lower expense ratio.
B) Higher solvency margin.
C) Poor investment returns.
D) Higher premium retention.


3. An international composite insurer is drafting its annual report. In accordance with the Companies Act 2006, what is the position regarding the inclusion of a chairman's statement in this report?

A) It is a mandatory requirement for all composite insurers.
B) It must be signed by the chief actuary.
C) It is only required if the company is listed on the London Stock Exchange.
D) It is optional in all circumstances.


4. The senior managers of an insurance company are reviewing performance against a monthly requirement to have no IT downtime of greater than 30 minutes a quarter. They are reviewing what?

A) A strategic objective
B) A budgetary variance
C) Key risk indicator
D) A key performance indicator


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

A) Companies Act 2006
B) The Bribery Act 2010
C) Financial Services and Markets Act 2000
D) Data Protection Act 2018


Solutions:

Question # 1
Answer: A
Question # 2
Answer: C
Question # 3
Answer: D
Question # 4
Answer: C
Question # 5
Answer: C

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