CII Insurance Business and Finance (IBF) : M92 valid dump

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CII M92 Exam Syllabus Topics:

CII Insurance Business and Finance (IBF) Sample Questions:

1. At what level of information will the insurer's overall budget be categorised?

A) Strategic
B) Transactional
C) Operational
D) Tactical

2. An insurer intends to assess its position via a use test. This forms part of the rules relating to...?

A) financial accounting.
B) double-entry bookkeeping.
C) data protection.
D) capital adequacy.

3. The use of claims development tables provides valuable information about the...?

A) technical price for new business.
B) prior estimates of outstanding amounts.
C) speed of claim payments.
D) current market share.

4. Under the Solvency II rules, what is a calculation kernel?

A) The external auditor's primary testing tool.
B) The process for calculating a broker's commission.
C) A register of all IT hardware assets.
D) The model used in the quantification of capital requirements for all risk categories.

5. The plan to takeover NTU by ABC would need to be discussed and agreed by a majority of the ABC shareholders at

A) A meeting of the Franchise Board.
B) An extraordinary meeting.
C) A board meeting without shareholder involvement.
D) The next annual general meeting.

Solutions: