Risk can be defined as an exposure to a loss of which one is uncertain. We can reduce risk by reducing the exposure (what we have at risk) or by acquiring more information (reducing uncertainty).
ChancesR® helps organizations to manage their risk by providing them with web-based applications to reduce their exposures, and tools to collect as much information as possible to reduce their uncertainty. In order to produce this information, ChancesR® utilizes large amounts of data. This data can be entered and uploaded by any number of users at anytime from anywhere one is connected to the internet. Various roles can be managed by an organization’s own resources or through INSIGHT’s services.
Scalable as ChancesR® is, it’s robust design is intended for medium to larger organizations – those with large property, liability and income exposures.