The objective of this unit is to develop knowledge and understanding of the fundamental principles and practices of Insurance business and finance practice.
The default Enrolment option for this unit includes:
- Latest version of the core learning content, in digital format only.
- Assessment entry.
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
- Understand the structure of the insurance profession.
- Understand the management of insurance businesses.
- Understand the main aspects of corporate governance.
- Understand the role of the various functions within insurance organisations.
- Understand accounting principles and practices and their application.
- Understand the main characteristics of insurance company accounts.
- Analyse businesses using financial ratios.
- Understand the financial strength of insurance companies.
Plus 25 case study-related questions from learning outcomes 1 to 8.
- Coursework assignment with 10 compulsory short answer questions; and a 90 minute exam comprising 25 multiple-choice questions (MCQs) and 5 case studies each comprising 5 MCQs
- 60% coursework nominal pass mark
- 65% exam nominal pass mark
- The average pass rate for those completing Diploma in Insurance mixed assessment units in full is currently 91.2%
Study material - editions available
2021-22 edition (applicable to exams sat 01 May 2021 to 30 Apr 2022)