CII - I10 Exam 2025 Questions and
Answers 100% Pass
What is the difference between an independent intermediary and an intermediary? -
✔✔An independent intermediary conducts insurance mediation without being
contractually tied to any other organisation.
Insurance brokers are independent intermediaries.
Intermediaries who are not independent are contractually tied to one or more
organisations, such as insurers, and are authorised to conduct insurance mediation on
behalf of the organisation they are tied to.
Examples include solicitors, east agents & travel agents.
State 4 reasons why an insured might buy insurance from an insurance broker: -
✔✔Convenience.
Expert knowledge.
Independent quotation.
Complexity of product.
Assistance with claims.
Existing relationship / connected business.
Other services offered.
State 4 types of insurance broker: - ✔✔Global firms.
COPYRIGHT © 2025 BY EMILLY CHARLOTTE, ALL RIGHTS RESERVED 1
, Uk-only based.
Consolidators.
Niche sector.
Wholesale.
Resinsurance.
Online.
Lloyd's.
What are three fundamental factors which distinguish Lloyd's brokers from other
insurance brokers? - ✔✔The market in which they operate.
Their methids of transacting business; and
Many of the risks they place.
State 3 purposes of reinsurance: - ✔✔To smooth peaks and troughs in claims
experience.
Protect the portfolio of risks being insured.
To improve customer service.
To support insurers entering new areas of business.
Describe the role of the retail insurance broker: - ✔✔The retail broker acts directly for
their clients, the insured.
State 4 typical methods of segmentation: - ✔✔By class.
By trade.
By client size.
By pemium size.
What are the traditional broking services? - ✔✔Reviewing client needs.
Selecting insurers.
Negotiating terms with insurers.
COPYRIGHT © 2025 BY EMILLY CHARLOTTE, ALL RIGHTS RESERVED 2
Answers 100% Pass
What is the difference between an independent intermediary and an intermediary? -
✔✔An independent intermediary conducts insurance mediation without being
contractually tied to any other organisation.
Insurance brokers are independent intermediaries.
Intermediaries who are not independent are contractually tied to one or more
organisations, such as insurers, and are authorised to conduct insurance mediation on
behalf of the organisation they are tied to.
Examples include solicitors, east agents & travel agents.
State 4 reasons why an insured might buy insurance from an insurance broker: -
✔✔Convenience.
Expert knowledge.
Independent quotation.
Complexity of product.
Assistance with claims.
Existing relationship / connected business.
Other services offered.
State 4 types of insurance broker: - ✔✔Global firms.
COPYRIGHT © 2025 BY EMILLY CHARLOTTE, ALL RIGHTS RESERVED 1
, Uk-only based.
Consolidators.
Niche sector.
Wholesale.
Resinsurance.
Online.
Lloyd's.
What are three fundamental factors which distinguish Lloyd's brokers from other
insurance brokers? - ✔✔The market in which they operate.
Their methids of transacting business; and
Many of the risks they place.
State 3 purposes of reinsurance: - ✔✔To smooth peaks and troughs in claims
experience.
Protect the portfolio of risks being insured.
To improve customer service.
To support insurers entering new areas of business.
Describe the role of the retail insurance broker: - ✔✔The retail broker acts directly for
their clients, the insured.
State 4 typical methods of segmentation: - ✔✔By class.
By trade.
By client size.
By pemium size.
What are the traditional broking services? - ✔✔Reviewing client needs.
Selecting insurers.
Negotiating terms with insurers.
COPYRIGHT © 2025 BY EMILLY CHARLOTTE, ALL RIGHTS RESERVED 2
