Last Updated: Sep 13, 2026
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| Section | Weight | Objectives |
|---|---|---|
| Business Strategy and Operations | 10-15 | - Strategic planning for insurers - Customer service and relationship management - Technology and digital transformation - Product development and management |
| Underwriting and Pricing | 20-25 | - Claims handling overview - Risk assessment and classification - Pricing factors and methods - Underwriting principles and process |
| The Insurance Market and Business Environment | 20-25 | - Structure of the insurance market - Insurance intermediaries and distribution channels - Regulatory and legal framework - Market competition and segmentation |
| Legal and Regulatory Requirements | 15-20 | - Conduct of business regulation - Data protection and compliance - Consumer protection requirements - Prudential regulation |
| Financial Management of Insurers | 25-30 | - Capital management and solvency - Financial statements and accounts - Investment management - Solvency II framework - Premium reserves and claims reserves |
Joe should advise the Board that if the IT department is to fulfil its role within the company, it must do what?
Correct Answer: B 🗳️
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Under the Solvency II rules, what is a calculation kernel?
Correct Answer: C 🗳️
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Which management style would it be best to adopt during a period of radical change?
Correct Answer: C 🗳️
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Which document best gives an indication of a company's liquidity?
Correct Answer: D 🗳️
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What is the minimum period of notice which must be given by a company to its shareholders of the annual general meeting?
Correct Answer: D 🗳️
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