The Australian and New Zealand Institute of Insurance and Finance (
ANZIIF) and actuarial firm Finity Consulting have launched a new industry publication designed to equip directors and senior insurance professionals with deeper insurance business knowledge.
The publication entitled Understanding Value in General Insurance was crafted by insurance experts and has been updated with current external trends including insurtech, which draws on technological innovation to realise the additional value from the insurance business model.
“Since it was first published, the publication has assisted senior management to navigate confidently in this dynamic industry and support them in leading a general insurance business,” ANZIIF chief executive officer
Prue Willsford said. “We hope the guide provides value to senior management and supports them as industry leaders.”
The guide explores the key drivers of value creation across four distinct chapters: 1. Premium revenue generation 2. Operational cost management 3. Capital and solvency management, and 4. Business environment management.
“The guide will be especially useful for senior business leaders who are new to the industry, providing them with key insights into the nature of the general insurance business and its key value drivers,” said Finity managing director Scott Collings.
“It is far from being a theoretical textbook however, it has a strong focus on practical examples illustrating how insurance leaders can navigate the inherent uncertainty in general insurance and make sound, fact-based strategic decisions.”
Finity is an actuarial consulting firm in Australia and New Zealand that provides its clients with advice and analytics to help strengthen and grow their business – from strategy to process.
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