This report by the Enterprise Strategy Group explores how Snowflake’s Financial Services Data Cloud on Microsoft Azure is modernizing the insurance industry. It highlights challenges like inflation, labor shortages, and climate risks, emphasizing the need for real-time analytics, AI, and unified data systems. Snowflake and Azure jointly enable faster claims processing, enhanced fraud detection, and customer personalization through AI and data sharing. Five critical use cases—claims acceleration, customer 360, fraud detection, actuarial modernization, and secure collaboration—demonstrate measurable business impact. The report concludes that modernization demands strategic, AI-driven data use and that Snowflake on Azure provides a scalable, compliant, and intelligent foundation for insurers

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