Premium generation, operational costs, capital management and the wider business environment are among topics covered in an updated general insurance guide released last week.

The publication – Understanding Value in General Insurance – has been produced by actuarial firm Finity and the Australian and New Zealand Institute of Insurance and Finance (ANZIIF), and is aimed at directors, executives and others with a stake in the industry.

“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,” Finity MD Scott Collings says.

The guide updates a previous version – Creating Value in General Insurance – and includes the impact of technological change.

“Since it was first published, the publication has helped senior management navigate confidently in this dynamic industry and supported them in leading a general insurance business,” ANZIIF CEO Prue Willsford said.

“We hope the guide provides value to senior management and supports them as industry leaders.”

Mr Collings says the guide has a strong focus on practical examples, illustrating how insurance leaders can navigate the sector’s inherent uncertainty and make sound, fact-based strategic decisions.

The book costs $50 and is available here.