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, delivered on RevisionMate.
- 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.
- Accounting standards and 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 (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
- 65% exam nominal pass mark
- The average pass rate for those completing Diploma in Insurance mixed assessment units in full is currently 92.0%
- 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)
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 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.
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 or the unit is available as a pre-order.
Study material - editions available
2023-24 edition (applicable to exams sat 01 May 2023 to 30 Apr 2024)
Revision aids available
The revision aids available for this unit are listed below. You can find more details about these here.
- Key Facts Booklet