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M92 Study Plan 

Exam Information

The Insurance Business and Finance (M92) unit develops knowledge and understanding of the fundamental principles and practices of Insurance business and finance practice.

Exam sitting:

This exam can be sat throughout the year, 7 days a week. 

Suggested M92 Study Plan

This study plan is based on 100 hours of study time over a 12-week period. The CII recommendation is 100 hours of study time; however, this is only an indication of how long you will need. You may take more or less time than this depending on your prior knowledge and experience, and work/study/home commitments. 

ASAP

Our student-led forums are a space for you to chat to other candidates about all things study and exam.  

Click on the ‘BTS Forums’ in the menu on the left and check out the M92 forum. 

ASAP
Weeks 1 - 12

Self-study period - Starting at least 12 weeks prior to the exam

There is no avoiding a thorough study of the syllabus. This module requires candidates to focus on the one key topic of knowledge and understanding of the fundamental principles and practices of Insurance business and finance practice. 

Weeks 1 - 12
Have you booked your exam?

Having an exam date booked can help to focus your study goals.

Have you booked your exam?
Weeks 6 - 12

Practise exam questions - Little and often

Practise as many exam-standard questions as you can before the real thing. It is good practice to start attempting mock exam questions when you are around two-thirds of the way through the study guide. Use them to review your weaker areas and target your study. 

Make sure to use questions that match the standard of the exam, like those in the BTS  R0 Study Buddy app. 

Weeks 6 - 12
Sit your exam - Good luck!
Sit your exam - Good luck!

Suggested study hours by M92 Learning Outcome

LO1: Understand the structure of the insurance industry.

20hrs

LO2: Understand the management of insurance businesses.

12hrs

LO3: Understand the main aspects of corporate governance.

12hrs

LO4: Understand the role of the various functions within insurance organisations.

4hrs

LO5: Understand accounting principles and practices and their application.

This is the heaviest-weighted learning outcome on the syllabus with 29 multi-choice exam question on the paper.

24hrs

LO6: Understand accounting standards and insurance company accounts.

8hrs

LO7:Analyse businesses using financial ratios.

8hrs

LO8: Understand the financial strength of insurance companies.

12hrs

How much study time will I need?

You may take more or less time than this depending on your prior knowledge and experience, and work/study/home commitments. 

M92 question weighting by Learning Outcome

The M92 exam has 25 multiple-choice questions (MCQ) and 5 case studies each comprising 5 MCQs – these test across the 8 individual learning outcomes.

The pass mark is 65% so you need to get 32 correct answers to pass. 

Some learning outcomes have more questions than others. Spend your study time wisely by targeting the heaviest weighted ones. 

If you do have a deferred success on this exam, have a look at your exam feedback to see where you dropped the most marks. For example, scoring less than 50% on LO4 is less of a concern than scoring less than 50% on LO5 

M92 Question Distribution

The BTS approach to passing M92

This M92 study plan has been designed by the team at BTS. Our team of highly qualified and experienced professionals take the Chartered Insurance Institute (CII) Level 3, Level 4, and Level 6 exams each year. This ensures that the materials we create are always current and closely aligned with the latest exam formats for our customers. 

The BTS resources provide a structured study path through the M92 syllabus, covering both the technical knowledge and exam technique required to achieve a pass.  

Below you will find an overview of the BTS recommended study plan with details of how the BTS materials can be used to support your learning. You don’t need to use every element, but we recommend starting by working through the BTS study guide. The Study Buddy app is designed to be used to practise exam-standard questions, little and often from the mid-way point in your study plan. 

Study

Work through the BTS study guide (coming soon!)

What is the aim of this guide?
As you read each chapter of the guide you will gradually work through the M92 syllabus and practise the necessary exam question answering techniques, using:

Available in a choice of printed or digital format from the BTS shop.

Train

Attend a BTS workshop (coming soon!)

What is the aim of a workshop?
For the M92 module, you will work with an experienced BTS Associate over a series of 4 2-hour technical workshops to consolidate your understanding of all subject areas for the module with specific focus on those learning outcomes with the heaviest weighting of questions in the exam:

Practise

Practise exam-standard questions using the R0 Study Buddy app

You should aim to complete at least 2/3 of your wider study before attempting mock papers. 

What is the aim of the app?

The BTS Study Buddy app replicates the CII exam standard as closely as possible. Each volume of questions contains the equivalent of four exam papers, meaning you have access to 200 questions for the M92 unit. Plenty to practise on and prepare you to feel exam ready.

Available to download from the Apple and Google app stores.

Exam Sitting

Exam bookings are made directly with the CII.

Before booking an exam, candidates must purchase the unit from the CII website.

Information and  guidance on booking and sitting your exam can be found in our Exam FAQs:

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