Insurance Business and Finance (M92)

Insurance Business and Finance (M92) provides an understanding of the core principles relating to insurance business and finance.

Corporate governance, for example, is one of the most talked about topics in business today and the requirement to promote good corporate governance both within and outside financial services is increased attention worldwide.

This study text will give you an understanding of the principles and practices of financial accounting, how this function relates to the other activities carried out in a business, and how specific aspects impact on insurance companies.

Building a successful career in insurance

This course is ideal for those looking to gain knowledge and understanding of insurance business and finance to build a successful career in the insurance profession or in a support role.

Insurance Business and Finance (M92) counts towards a Diploma in Insurance. It may also count towards the Advanced Diploma in Insurance.

Please note it is assumed that you already have knowledge of the fundamental principles of insurance as covered in Insurance, Legal and Regulatory (IF1) or equivalent examinations. 

Summary of learning outcomes 

1. Understand the structure of the insurance profession.
2. Understand the management of insurance businesses.
3. Understand the main aspects of corporate governance.
4. Understand the role of the various functions within insurance organisations.
5. Understand accounting principles and practices and their application.
6. Accounting standards and insurance company accounts.
7. Analyse businesses using financial ratios.
8. Understand the financial strength of insurance companies.

Plus 25 case study-related questions from learning outcomes 1 to 8.

Assessment

• Coursework assignment with 10 compulsory short answer questions (marked within 63 calendar days of submission); and a 90 minute exam comprising 25 multiple-choice questions (MCQs) and 5 case studies each comprising 5 MCQs
• 60% coursework pass mark
• The exam standard pass mark is 65% (for more information on standard pass marks please see here)
• The average pass rate for those completing Diploma in Insurance mixed assessment units in full is currently 91.3%
• Coursework assignment to be submitted within 6 months of enrolment
• Exam to be passed within 18 months of enrolment (only first exam entry included as part of the enrolment)

Revision aids available ** Please check individual shop pages for availability dates **

The revision aids available for this unit are listed below. Find out more details.

• Key Facts Booklet

Units treated as equivalent

Due to the extent of syllabus overlap, certain combinations of current and withdrawn units will result in only one award of CII credits.

If a withdrawn equivalent is held you may not need to complete a current unit in order to satisfy a qualification's completion rules. Clarification should always be sought from CII Customer Service.

Find out more about CII credit awards for equivalent units

Course delivery

Instructions on accessing your course on RevisionMate will be sent to your registered email address. This is typically within two working days of your order being placed, but may be longer, particularly if payment is made by bank transfer.