SIMON has achieved what seemed impossible: turning engineers into risk analysis experts with a very short learning curve. But more importantly SIMON has a huge ROI. In less than 6 months of application, it already saved more than $5 million annually on insurance renewals while simultaneously achieving 3x more coverage, reducing deductibles by 15x and improving the quality of coverage. These are hard cash savings compared to previous year and alternative proposals. This money will now be redirected towards improving fire safety and operational resilience at the plant. SIMON is literally taking money from insurance company inflated margins and redirects the savings back into plant operations while paying for the risk team years ahead. This is more than efficiency gains - it's a new paradigm where AI doesn't replace human judgment but amplifies it exponentially.
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