A system for determining corrosion under insulation of an industrial asset is provided. The system includes an infrared camera configured to acquire one or more time-series infrared images of an industrial asset. The system further includes a computing device configured to receive data characterizing the one or more time-series infrared images, and to identify an area of interest of the industrial asset within the one or more time-series infrared images. The computing device further configured to identify, by a machine learning algorithm, a plurality of defects within the area of interest based on pixel-wise assignment of at least one defect category selected from a plurality of defect categories associated with corrosion under insulation of the industrial asset, and to provide the plurality of defects within the area of interest of the industrial asset. Related methods, apparatuses, and computer-readable mediums are also provided.