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CII Reinsurance MCQ Examination (E97) — Information & Free Practice

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About CII Reinsurance MCQ Examination (E97)

CII Reinsurance MCQ Examination (E97) · GB

Key exam facts

Provider
The Chartered Insurance Institute (CII), through its Qualification and Assessment Department, produces the E97 examination. PSI is the delivery platform referenced for remotely invigilated MCQs, not the examination owner.
Format
E97 is the independently passed MCQ examination component of M97 Reinsurance, excluding coursework. Each question has four options A–D and one correct or best response. Available at test centres or online with remote invigilation.
Exam questions
Total questions: 50.
Time limit
1 hour of examination time; the 18-month enrolment/voucher period is not the answering duration.
Passing score
Standard MCQ pass mark: 65%. CII adjusts MCQ marks where needed for examination difficulty and reports adjusted marks against the standard; 65% is not a guaranteed raw-score cut-off. The separate 60% coursework pass mark does not apply to E97.
Exam fee
UK M97 Enrolment only, digital package: GBP 518 for members; GBP 644 for non-members, as displayed on the official purchase page. Includes digital study access, coursework and the first E97 exam entry with an 18-month voucher; this is a bundled unit price, not a standalone E97 fee. Digital-and-print incurs postage and packaging; repeat exam entry is not included.

Topics covered

  • Know the purpose of, and the parties involved in, reinsurance. (8%)

    • Explain the purpose of purchasing reinsurance.
    • Explain the purpose of selling reinsurance.
    • Identify the different parties involved in reinsurance and their various roles.

  • Understand the different types of reinsurance. (6%)

    • Outline the main types of reinsurance.
    • Explain the difference between reinsurance and retrocession.
    • Discuss the alternatives to conventional reinsurance.

  • Understand the features and operation of facultative reinsurance. (4%)

    • Explain the main features and operation of different types of facultative reinsurance.
    • Calculate reinsurance premiums and claims recoveries for proportional and non-proportional facultative reinsurance.

  • Understand the features and operation of proportional reinsurance treaties. (16%)

    • Explain the main features and operation of different types of proportional reinsurance treaties.
    • Explain the main accounting methods for proportional reinsurance treaties.
    • Discuss different types of commission on proportional reinsurance treaties.
    • Discuss the use of premium and claims reserves.
    • Calculate reinsurance premiums and claims recoveries for proportional reinsurance treaties.
    • Discuss the use of cession and event limits in proportional reinsurance treaties.

  • Understand the features and operation of non-proportional reinsurance treaties. (14%)

    • Explain the main features and operation of different types of non-proportional reinsurance treaties.
    • Explain the different bases of cover attachment.
    • Discuss the various types of premium calculation used in non-proportional reinsurance treaties.
    • Calculate reinsurance premiums and claims recoveries for non-proportional reinsurance treaties.
    • Discuss the purpose and use of reinstatements.
    • Discuss the use of event limits in non-proportional reinsurance treaties.

  • Understand the design and placement of reinsurance programmes. (16%)

    • Discuss the factors affecting the design of a reinsurance programme.
    • Explain the use of reciprocity.
    • Discuss how security considerations affect reinsurance programmes.

  • Understand legal issues relating to reinsurance. (6%)

    • Discuss the legal requirements for the formation of a reinsurance contract.
    • Discuss the key issues of interpretation of contractual documents.

  • Understand reinsurance contract wordings. (10%)

    • Describe the main reinsurance clauses and their importance.
    • Describe the main reinsurance exclusions and their importance.

  • Understand the main features and characteristics of the principal reinsurance markets. (6%)

    • Explain the main features and characteristics of the principal reinsurance markets.
    • Discuss market cycles.

  • Understand the principles and practices of different classes of reinsurance business. (14%)

    • Explain the main underwriting considerations for specific classes of reinsurance.
    • Explain which types of reinsurance are best suited to specific classes of reinsurance.
    • Explain the terms and conditions applying to specific classes of reinsurance.

How to prepare

Work through the topics, read the explanation after each answer, and revisit the areas where you miss questions. Use the official outline and reference materials below to guide your study.

These independent practice questions are not actual exam items and do not guarantee a passing result.

Frequently asked questions

What is the exam format?

E97 is the independently passed MCQ examination component of M97 Reinsurance, excluding coursework. Each question has four options A–D and one correct or best response. Available at test centres or online with remote invigilation.

How many questions are on the exam?

Total questions: 50.

How long is the exam?

1 hour of examination time; the 18-month enrolment/voucher period is not the answering duration.

What is the passing score?

Standard MCQ pass mark: 65%. CII adjusts MCQ marks where needed for examination difficulty and reports adjusted marks against the standard; 65% is not a guaranteed raw-score cut-off. The separate 60% coursework pass mark does not apply to E97.

How much does the exam cost?

UK M97 Enrolment only, digital package: GBP 518 for members; GBP 644 for non-members, as displayed on the official purchase page. Includes digital study access, coursework and the first E97 exam entry with an 18-month voucher; this is a bundled unit price, not a standalone E97 fee. Digital-and-print incurs postage and packaging; repeat exam entry is not included.

Official sources and references

Confirm current exam arrangements with the exam provider.