Insurance Business and Finance: M92 (DIPCII)

ECTS Not Applicable Online Starting: 3rd September 2024, 17.30 - 19.00

M92 consists of economic and financial aspects of the business and serves to equip the student with knowledge on economic principles and financial statements and reports.

Students aspiring to obtain a Diploma in Insurance conferred by the CII, need to accumulate 120 CII credits with at least 90 credits obtained at either Diploma or Advanced Diploma Level. M92 Business and Finance is compulsory for the attainment of the DIPCII.

The insurance topics available at this level are various and equip the student with technical knowledge specific to a particular business/insurance area.

Insurance Business and Finance (M92) provides an understanding of the core principles relating to insurance business and finance. It consists of economic and financial aspects of the business and serves to equip the student with knowledge on economic principles and financial statements and reports.


The Diploma in Insurance is a technical qualification for insurance staff working across all sectors of the industry. It is also the logical progression from the Certificate in Insurance.

The Dip CII will provide successful participants with a firm grounding in insurance and will enable the achievement of technical knowledge, thereby ensuring they have the means to perform effectively in a challenging environment.

In addition to being a valuable qualification in its own right, the diploma can also be a milestone enroute to the completion of the Advanced Diploma (ACII).

Course Schedule
September3, 10, 17, 24
October1, 8, 15, 22, 29
November5, 12, 19, 26

Lectures will be held between 5.30 – 7.00 pm

The session scheduled for 3rd December is a revision session and will take place at MITC premises.

Course Duration & Delivery

14 sessions of 1.5 hours, held once weekly between 17:30-19:00hrs.

A further 90 hours of self-study are required for each of the units chosen.

Entry Requirements

There are no entry requirements for this course however a good command of the English language is expected and familiarity with business subjects is also considered to be an asset.

The CII recommends ‘O’ level standard of education and/or the Certificate in Insurance (CertCII).


Students taking the examination will make arrangements with the CII directly, for the purchasing of the course reading material and to apply for the examination.

Further details may be sought from:

Course Fee

NB: Course book and exam are purchased directly from CII and are NOT included in the above-mentioned price (refer to CII website for more information)

Discounts and Cancellation Policy
  • Companies effecting group bookings (four or more participants) are entitled to a 10% discount. For group bookings kindly send an e-mail to
  • A 25% cancellation fee is payable for cancellations received within 15 days of the start of the programme.
  • No refund will be given after the commencement date of the programme.


Joanna Vella, B.Com.Honours(Econ&Mgmt)

Joanna graduated from the University of Malta with B.Com. (Hons.) Mgt, specialising in Economics and Management during the first three years of the course and in Management during the final (Honours) year.

Following her studies, she started teaching in an independent school where for six years she taught business subjects at advanced and intermediate level. She was also involved in various extra-curricular activities. Joanna joined MITC on a full-time basis between 2005 – 2007 and on a part-time basis as from 2008. Lectures delivered cover the business-related modules.

Joanna Aquilina, B. Accty (Hons.), CPA, FIA

Joanna Aquilina has over twenty years’ experience in the financial and regulatory environment. She held the position of CEO and Executive Director of Gossmann & Cie. Insurance PCC Ltd. offering structured solutions through segregated cells. Previous to Gossmann & Cie. she was CEO of DARAG Insurance and Reinsurance PCC Ltd. and member of its Investment Committee providing run-off cell solutions to carriers interested in finality of discontinued insurance.  Joanna worked for Aon Captive Insurance Managers in Guernsey and Gibraltar as Finance Manager. She moved to become director of Aon Insurance Managers in Malta and part of the leadership team of Aon Captive Insurance Managers for EMEA. She provided advisory and support on insurance licensing, risk management and Solvency II for a wide range of clients whilst being responsible for operations and business development.  Joanna has experience in company restructuring across various domiciles, defining strategies and new processes.

Joanna, a Certified Public Accountant by profession, is currently a non-executive director for HSBC Life Assurance (Malta) Ltd. and member of its Audit and Risk Committee. Joanna is also a visiting lecturer at the University of Malta and at MITC

Register Now

Please fill in the form below to register for this course.
We will contact you with the next steps in your registration process.

Other courses you may like

Why Choose Us

MITC is made up of a close-knit team with a real passion for learning and insurance, who believe in the continuous development and empowerment of individuals through learning. We understand all of the nuances and challenges that come with insurance training and, that is why we’re here to help you get your training right.

Our courses are developed following in-depth research and consultation on the subject matter and the related market, thus ensuring participant needs are met. All our trainers are experts in their field and actively contribute towards the continuous development of the courses which they deliver.

Our training services are accredited by the Malta Further and Higher Education Authority (MFHEA) and the European Qualifications Framework platforms. MITC’s homegrown insurance programmes are recognised by the renowned Chartered Insurance Institute, UK.

Let's stay in touch

Stay updated with MITC news updates and courses. We promise not to spam your email or share your email with third parties.