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

 

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