Innovation Meets Expertise: A Smarter Path to Statistical Compliance

April 8, 2026 / 4 min read

Behind the partnership of Verisk and Snowflake

Insurers that approach statistical reporting as a mundane compliance function may miss critical opportunities to glean business intelligence, boost efficiency, support strategic decisions, and create value that flows to the bottom line. There’s no need to wait for this transformation; it’s today’s reality as the cloud and artificial intelligence (AI) bring new energy even to long-established background workflows. If avoiding regulatory peril isn’t reason enough to spur modernization, carriers may be wise to consider all they can gain from a new perspective on reporting.

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"By bringing Verisk’s deep regulatory DNA directly into the Snowflake environment, we’re helping carriers move beyond the overhead associated with traditional compliance processes.”

Escalating demands in the Modern Insurance Landscape

Cost pressures have long been a factor across insurer operations, including statistical reporting, but they are now intersecting with increased demand and limited capacity. Many organizations are feeling the cumulative effect—greater expectations without a corresponding expansion in resources. Boards and executive teams are driving efforts to streamline workflows, modernize technology, and unlock greater enterprise value from data across underwriting, policy life cycle, claims experience, and actuarial and regulatory reporting. It’s an opportunity to reimagine the operating model by combining industry expertise with a cloud-native data platform powered by AI and machine learning.

Now, by combining Verisk’s decades of regulatory expertise and embedded statistical plan logic with Snowflake Inc.’s cloud-native, AI-ready data platform, insurers can modernize compliance within the broader enterprise data strategy:

Verisk’s Statistical Services provides trusted governance, validation, and industry-standard reporting frameworks.
Snowflake Inc., whose AI Data Cloud provides the scalable, secure infrastructure that allows Verisk’s compliance and reporting capabilities to operate natively within the insurer’s data environment.

Together, they support a purpose-built compliance architecture that reduces operational friction, lowers structural cost, and transforms statistical reporting from a fragmented obligation into an integrated, analytics-ready component of the modern insurance enterprise.

Data transformation simplified

P&C carriers can now carry out reporting through the Snowflake app and Verisk’s next-generation reporting platform, Data Management Solutions. Insurers can transform raw data into ISO^® statistical reporting with no data movement, using one-stop automated data mapping, validation, and transformation to reduce the need for custom data preparation workflows and external infrastructure.

"Verisk sits at the very heart of the insurance ecosystem. Their reputation is built on decades of trust, but what excites us at Snowflake is their vision for the future. They aren't just maintaining the standard; they’re evolving it alongside us to help carriers unlock more value from their data," said Sully McConnell, head of insurance at Snowflake. "By bringing Verisk’s deep regulatory DNA directly into the Snowflake environment, we’re helping carriers move beyond the overhead associated with traditional compliance processes.”

Lightening the load

Verisk’s partnership with Snowflake offers an unparalleled answer for the ever-growing and changing compliance burden, which challenges insurers to maintain accuracy and timeliness across multiple jurisdictions with inconsistent requirements. Current trends, for example, include demands to account for volatile, climate-influenced data in regulatory filings. Carriers are called upon to enhance data collection, implement segmentation as far as the ZIP code level, and build analytical capabilities to meet regulatory climate risk disclosure requirements.

Many insurers tackle these tasks using manual tools to prepare and reconcile data across fragmented systems and spreadsheets, all stitched together with one-off integrations. These slow and costly workflows may lead to inconsistent submissions across states and drain resources that could be better targeted to strategic initiatives, such as pricing, underwriting analytics, and product innovation.

Fundamentally, legacy reporting processes weren’t built for today’s data volumes or regulatory expectations. Gaps or delays can result in costly rework, system inefficiencies, and slower decision-making, not to mention potential penalties and reputational hazards. But carriers that approach these workflows as targets for strategic integration—and as critical sources of insight—may find they don’t have to choose between realizing business value and mastering administrative and compliance challenges.

A flexible, dual-purpose solution

Verisk’s Statistical Services have served carriers for decades in managing their reporting obligations, delivering solutions that help the industry keep pace with a dynamic regulatory environment. Today, our solutions answer critical needs for P&C carriers:

Faster delivery of statistical and regulatory reports
Automation to reduce manual work—and rework
Accuracy and consistency across jurisdictions
Turnkey integration to eliminate data silos

And now, with Snowflake added to carriers’ menu of delivery options, automation and data-driven strategic insights can reach a new level.

Verisk’s capabilities are backed by more than 50 years of experience managing large data sets and transforming them into actionable intelligence. It’s more than statistical reporting; it’s expert support that spans underwriting, claims, catastrophe risk, and exposure management. With Verisk Statistical Services, stronger data governance instills confidence, allowing teams to set aside manual processes and compliance concerns—and focus on work that drives the business forward.

Are you ready to flip statistical reporting from a resource drain to a strategic asset? Discover how to modernize reporting and stay ahead of regulatory change. And reach out to speak with a Verisk expert.

Are you ready to flip statistical reporting from a resource drain to a strategic asset? Discover how to modernize reporting and stay ahead of regulatory change.

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