Abstract: A system and method by which an insurance company can project an initial net projected loss arising from a major loss event quickly after the occurrence of the event. The system uses a networked central repository, such as an electronic collaboration site, for collecting and sharing information to be used in the initial net loss projection process. After the occurrence of a major incident, media reports can be reviewed to identify entities involved in, or affected by, the event. In-force insurance policies and applicable reinsurance information of the identified entities are collected and stored in the repository and reviewed to identify those that should be included in the initial net loss projection. Additional information can be entered into a policy database regarding those policies which allows aggregation of net policy limits and an initial projection of the net loss arising from the major loss event.