A "classic" picture but with a very nice execution.
Looking at the composition, it seems that the photographer wants us to focus on the breasts of the model, which are very delicately highlighted by the shades on her side. To me, one of the strenght of this picture comes from the shades on the model (neck, side, arms and thigh) which really add depth and volume to her body.
Then, breaking with the immobility of the scene, a wave comes crashing just next to the model. This adds a dynamic that renders the whole picture alive and unique.
One thing that could have been improved is the facial expression of the model. Is she enjoying the breeze ? There doesn't seem to be any by looking at her hair. Is she enjoying the sun ? Her head might have been slightly more tilted towards the back. This is obviously a very minor point but I cannot help but wondering what she is doing.
Overall, a very nice picture due to a beautiful model, nice shading on her body, and duality immobility/crashing wave.