"How to Prepare for IIQE Paper 2: Official Structure, How General Insurance Differs — and Why This Page Has No Data Yet"

Last updated 2026-08-11 · First published 2026-08-10

First, who needs Paper 2: anyone planning to work in general insurance (motor, fire, household, travel, liability and the like) or composite insurance business. If you will only handle long-term (life) insurance, you can skip it. Not sure which papers you should sit? Start with the paper-by-paper comparison.

The official parameters

That averages about a minute and a half per question — a pace close to Paper 3, and tighter than Paper 1 (75 questions in 2 hours). Questions are set in Traditional Chinese and English side by side; there is no Simplified Chinese version — so if your study materials are in Simplified Chinese, expect the exam wording to appear in Traditional characters. For the exam formats and how long results take, the exam format and results guide covers the details in full.

What Paper 2 covers: the official syllabus's four chapters

The official Paper 2 syllabus (2022 edition, applicable to examinations from 24 October 2022) is organised into four chapters. Weightings and question counts appear in the examination-weighting table printed in the publicly available study materials:

Nearly half the marks sit in Chapter 1 — a wide product range with dense policy detail, which is also the structural reason behind the next section. What each chapter covers (Chinese chapter titles are official; the English renderings are ours):

• Chapter 1, Insurance Products (46%) — what each of the main classes of general insurance does

and does not cover: property, liability, motor, travel and so on. At almost half the weighting, this is indisputably Paper 2's centre of gravity.

• Chapter 2, Underwriting and Policy Wording (34%) — how insurers assess risk and set terms;

what each part of a policy document (coverage, exclusions, conditions) does.

• Chapter 3, Claims (10%) — the process from notification to payment, and how the principles

learned in Paper 1 are applied at the claims stage.

• Chapter 4, Customer Service (10%) — the intermediary's role and conduct requirements before

and after the sale.

What makes general insurance different: high detail density

Paper 1 tests principles — a single doctrine like proximate cause can be examined from many angles. Paper 2 tests products — and every class of insurance has its own coverage and exclusions. That creates a practical difference:

Paper 2's knowledge is more fragmented and more evenly spread. You can rarely cover a whole stretch of questions by "understanding one big principle"; more often you are accumulating specific judgements of the form "this class covers this but not that". Rote memorisation is a poor method, but pure reasoning cannot derive policy details either. The workable path is to get the Paper 1 framework of principles in place first (the chain of the six principles of insurance comes up again and again in Paper 2's underwriting and claims chapters), then hang each class of insurance on that frame: what risk the underwriting is managing, how proximate cause is judged at claims, how the principle of indemnity plays out for this class. Details hung on a framework outlast details memorised in isolation.

A drilling method that works for any paper

With no chapter data, the method falls back to three rules that hold for every paper:

1. **Do one full pass first, then drill — don't polish your understanding to perfection before

starting.** The goal of the first pass is to know what each chapter looks like; the blind spots that drilling exposes are far more accurate than the "didn't quite get it" feeling you have while reading.

1. Recycling wrong answers beats chasing new questions. Redo the questions you missed after a

few days, and retire them only after consecutive correct answers — for a detail-dense paper like Paper 2, resurfacing mistakes is the most direct weapon against forgetting.

1. Before the exam, run one full timed mock at 1 hour 15 minutes. Get a feel for the

50-question pace in advance — don't let the exam room be the first place you ever answer 50 questions in one sitting.

The Paper 2 question bank is organised around exactly this: wrong answers cycle back automatically, and new questions advance chapter by chapter.

Why this page has no data

The chapter weightings above are the official framework. What this page does not have is what Papers 1 and 3 got — chapter-level accuracy and expected-loss figures based on real answering statistics from our candidates — for a simple reason: our Paper 2 answer volume is not yet large enough to yield reliable figures. (And to fix the yardstick while we are here: the figures those two pages quote are practice accuracy rates, not pass rates — sample sizes are stated on each page, and the two are not convertible.)

What happens when you publish numbers anyway on an insufficient sample? You end up allocating revision time according to what is essentially a noise ranking — made-up numbers do more harm than no numbers. So until Paper 2 answering volume reaches the same threshold we required for Papers 1 and 3, this page gives only the official structure and the general method. Once the data is there, the chapter priorities will be added using the same algorithm.

Sources and currency

The question count, duration and pass mark are taken from the official examination Handbook clause 2.2.1 and the passing-standard provisions; the mapping between papers and lines of business from Handbook clause 2.1.3 (Paper 1 compulsory, Paper 2 optional — see clause 2.1.2); the fees from Handbook clause 5.1 and the remote invigilation FAQ. Handbook clause 5.5 states expressly that examination fees may be adjusted when necessary — check the current official version before enrolling. The syllabus and Study Notes for each paper are freely downloadable from the PEAK website and the Insurance Authority website (Handbook clauses 2.1.4 and 14.1). Paper 2's chapter titles are taken from the official syllabus (2022 edition, freely available on the PEAK website); the weightings and question counts appear in the examination-weighting table of the publicly available study materials. The qualitative descriptions of each chapter and the study advice are based on generally accepted principles of insurance; all of it is organised and written by Mange. It is not a quotation from the official syllabus and does not constitute legal advice.

Mange does not own, and does not claim to own, copyright in any official examination material; the content on this page is written by Mange. Nothing on this page is a promise about any examination outcome, nor does it constitute legal advice.