Free CII M92 Exam Dumps Questions & Answers

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

An insurer intends to assess its position via a use test, to comply with proposed changes in regulations. This forms part of the rules relating to

• A.  claims reserving.
• B.  financial accounting standards.
• C.  anti-money laundering.
• D.  capital adequacy.

The balanced scorecard approach to measuring organisation performance has four perspectives. What are the four perspectives recommended by this approach?

• A.  Financial; internal business processes; learning & growth; customer.
• B.  Shareholder; policyholder; employee; supplier.
• C.  Regulatory; solvency; liquidity; profitability.
• D.  Planning; organising; leading; controlling.

The term 'unearned premium' in UK's accounts will be shown as

• A.  a note to the accounts only.
• B.  shareholder equity.
• C.  a liability.
• D.  an asset.

The process by which a small business is set up as a registered company is known as..?

• A.  Codification.
• B.  Vertical integration.
• C.  Incorporation.
• D.  Horizontal diversification.