Which IIQE insurance exam paper is more difficult? Which is easier? I don’t have any insurance knowledge, where and how should I get started?

June 24, 2021

Which IIQE insurance exam paper is more difficult? Which is easier?


There are 4 most popular papers in the IIQE exam: IIQE Paper 1, 2, 3, 5. If you sort by difficulty, IIQE Paper 1 will be the most difficult because the concepts and content are broad and have the most content compared to the other 3 papers. Ranked second is IIQE Paper 2. Although the content in Paper 2 is less than Paper 1, despite that the difficulty level is still very high, because the general insurance content coverage is broader and the products are more diversified, but the connection between the concepts is relatively minimal. The exam content of IIQE paper 5 is related to the investment-linked long-term insurance business. The difficulty level is average and contains some calculation questions. Some questions even need the candidates to use the built-in formula functions of the financial calculator to calculate the answer. The steps to use the calculators are also quite complicated and need some effort to memorize. The easiest IIQE paper is paper 3. There are far fewer types of long-term business than general insurance, and most life insurance has similar characteristics, which is easier to remember. However, we still recommend that candidates take the IIQE paper 1 first to deepen their knowledge in a micro perspective. 


Revision Method

Our company recommends that students use the following method to conduct their revision

  1. First, study the official study manual/a chapter of our company’s YouTube instructional video/bible
  2.  Complete one chapter of the mock questions

This review method takes 20-25 hours, it is statistically proven that there is an 80% pass rate using this method of revision. 

No statistics are available for other review methods.

Revision Tips 


  1. Good use of colours helps with memory!


Studies have shown that good use of colours when writing notes can greatly improve the efficiency of the revision process. For example, the effect of writing only in black will greatly affect the efficiency of the revision and memorising process. According to experts’ suggestions, using blue, yellow, green, and red pens or highlighters to write or take notes can strengthen one’s memory.


It is recommended that students use a blue pen if they need to memorise concepts and content that they have never seen before. Use a yellow pen if students have some knowledge regarding a topic, but don’t know much about it. Use a green pen if you are gradually having a more thorough understanding of the concept, but only acquired superficial impressions on the topic. You can opt to use a red pen if you can understand the topic thoroughly and are able to memorise the content well. 


      2. Pomodoro Technique


After deciding what to study, set a routine, such as rest for 3-5 minutes after 25 minutes of studying; repeat this cycle for 4 times; after the 4 cycles are finished, rest for 15 minutes and repeat the routine cycles all over again. As long as one can persevere, this method will tremendously help students achieve better revision effects. 

      3. Have enough sleep and drink plenty of water


The human body is very scientific. If you have enough rest and drink enough water, your body’s functions will also tend to be better; in this way your brain functions will also be more effective. Therefore, although the phrase “maintaining good health” is clichéd, in fact, this saying is quite true. 


      4. Drink water during the exam 


If drinking is allowed in the exam, the candidate can bring in some water to the exam and drink it when needed. Drinking water will help refresh one’s mind and relieve anxiety. In contrast, if food and drinks are not allowed in the exam, candidates can opt to drink a little bit of water before entering the exam arena. Remember to drink the water with a reasonable amount and frequency, as drinking too much will cause one to go to the bathroom more frequently. We do not recommend students to drink energy drinks because the caffeine in them is diuretic and will cause students to go to the bathroom more frequently. The refreshing effect of energy drinks is usually less than 1 hour. After the effect fades, you will get tired more easily, which may affect your performance in the later parts of the exam.   


      5. It is strongly not recommended that candidates only review the exam questions. Don’t recite the questions and spend more time understanding the content of the exam instead 


Some candidates who lack the time or are lazy will tend to adopt the method of memorising the exam questions and not learning the concept itself to cope with the exam. In fact the effects of this kind of revision method may not be good enough. If candidates only rely on memorizing the answers to the questions without understanding the underlying principles, and if the same exam questions are layout differently or have been changed to an application based question; there is a large chance that the candidate might not be able to know how to answer the question. Furthermore, the scope of the insurance exam does not allow candidates to memorize so many concepts they have not understood by rote. Candidates who are not gifted with an extraordinary retentive memory should not take the risk of taking the exam without any revision, as that would waste their time and chance.


How can we help?

2CExam provides HKSI LE, IIQE, EAQE and SQE related exam preparation materials. We sell mock question banks for IIQE Papers 1, 2, 3, 5 and MPFE in Chinese and English; and bibles for IIQE Papers 1, 2, 3, MPFE in Chinese. We also offer 1 on 1 tutorial services. Besides, we have also made free tutorial videos for IIQE Papers 1, 2, 3 and MPFE and posted on public channels such as Youtube/ Bilibili/ Tencent/ Iqiyi. 2CExam has been an exam training expert for years. Should you need any help please visit www.2cexam.com or contact us through:

Phone +852 2110 9644 Email: [email protected] Wechat: hk2cexam WhatsApp: +852 9347 2064


Please support us by leaving comments and likes if you think this article helps you!

You can scan or click on the QR codes to visit our social media.

Latest Article



Contact US

Interesting Articles

Why can’t you learn the practise questions by rote when studying for the IIQE Insurance Exam?

May 25, 2022

Students who have taken/ who are going to take the IIQE should know the study note is a several-hundred pages, paragraph form booklet illustrating the exam coverage. Not to mention the length of the text, the expression of concepts requires readers’ intense concentration. So some candidates think that doing only the practise questions should be…

Why can’t you learn the practise questions by rote when studying for the HKSI Licensing Examination (LE)?

May 18, 2022

Students who have taken/ who are going to take the HKSI LE should know the HKSI study note is a several-hundred pages, paragraph form booklet illustrating the exam coverage. Not to mention the length of the text, the expression of concepts requires readers’ intense concentration. So some candidates think that doing only the practise questions…

How to register for the IIQE Insurance Intermediary Qualifying Examination?

May 11, 2022

The IIQE exam should be registered at PEAK instead of the Insurance Regulatory Bureau. The IIQE exam places are quite sought-after. If students have an urgent need to take the exam, students should decide to register as soon as possible. The test period will be issued on a day between the 12th to 17th of…

How to register for the HKSI LE Securities and Futures Practitioner?

May 4, 2022

The HKSI LE exam must be registered at HKSI, but not the SFC. There are two methods for registration. The most popular one is online registration, followed by in-person registration. How to register for HKSI exam Register online: 1. To register for the exam, you must first register as a member of HKSI 2. Click…

Losing Friends and Family Is Inevitable Once Joined the Insurance Industry? 10 Benefits of Working in The Insurance Industry That Can Overturn Your Stereotypes

April 20, 2022

Must people in the insurance industry lose their friends and family? NO! It is not that you won’t have friends when you join the insurance industry. In fact, it depends on whether you use the correct method to sell. When you only care about commissions and don’t care about the needs of your customers, selling…

What kind of jobs can I get after I pass the IIQE Hong Kong Insurance Exam?

April 13, 2022

After passing the IIQE (Insurance Intermediary Qualifying Examination) in Hong Kong, students can start looking for jobs. What job options are there? Bank Relationship Manager (RM) / General Banking Officer (GBO) / Personal Banking Officer / Assistant Relationship Manager (ARM) Some sales positions in the bank, including Relationship Manager (RM) and their assistant – Assistant…

What job opportunities can I get in Hong Kong after passing the HKSI LE securities exam?

April 7, 2022

First, I would like to clarify that some people do not take the HKSI Licensing Examination (also known as LE exam) to find a job, but just to learn more about the financial/ securities market and equip themselves with the necessary knowledge in a compact and more organised way. This article will not cover information…

10 Benefits of Working in the Securities Industry Which Can Bring You a Whole New Perspective

March 30, 2022

Is there an insufficient supply of positions in the securities industry? There are contradictory opinions on the internet. Some say that the financial industry is in demand for talents; others say that the financial industry has burst, and there are too many monks with only a little porridge. From my experience in the recruitment industry…

Is the Securities, Insurance or Real Estate Industry Better? Comparing Incomes amongst Finance Industries

March 22, 2022

Securities and Banking  According to statistics on the Internet and our experience, in Hong Kong, even for some common junior or middle-level positions in the financial/ securities industry, such as risk analyst, research analyst, and compliance officer, the average base salary is between HK$20,000 and 30,000 per month. Many people who have sufficient work experience…

What is updated in 2022 in IIQE Paper 1 Insurance Exam Study Manual? Is the 2017 or older version sufficient for the upcoming exams?

March 18, 2022

The 2021 version of IIQE Paper 1 was officially applicable to exams in 2022 Insurance Authority has taken over the supervision of the insurance industry for more than two years. The IIQE Paper 1 (Insurance Intermediary Qualification Examination) finally put the new regulatory structure in the study manual, and the new study manual can be…