This document provides a review of corrosion under insulation (CUI), discussing key factors and mechanisms. It summarizes that CUI occurs via a three step process: 1) water ingress, 2) water accumulation under insulation, and 3) dissolution of corrosive species. Five important factors for CUI are discussed: insulation material, coating material, substrate material, atmosphere, and design. Carbon steel is susceptible to general and localized corrosion from CUI, while stainless steel risks pitting and stress corrosion cracking. Proper coating and design can prevent the water accumulation and corrosion processes that cause CUI.