Product Development History of our Risk Management Solutions
In December of 2008, INSIGHT completed the development of its first web-based risk management solutions application: The ORM-Virtual Office (On-Site Risk Manager Virtual Office). This app was designed using the Cold Fusion framework and included three risk management modules: insight ERM, contractual risk management (CRM), and claims management. After proper testing, the app was finally launched on March 2009 and first used by INSIGHT’s largest client, a mid-size Florida food processor with property exposures in excess of $300M.
In April of 2009, INSIGHT completed the development of its second web-based risk management application: The ContractualRM© 1.0. This app included an improved version of the CRM module included with the ORM Virtual Office and was designed using the ASP.NET framework. The app was launched in July 2009, and all clients using the ORM Virtual Office’s CRM module were migrated to this application.
During the fall of 2009, INSIGHT started the development of ChancesR®, a web-based risk management information system (RMIS) that would include web-apps to identify, assess, control, mitigate and monitor a company’s risk. The entire software would be designed using the ASP.NET framework.
In July of 2010, INSIGHT completed the development of the first app of its web-based RMIS: the Utility Risk Manager©, an app to manage a company’s energy cost and risk that includes tools to purchase fuel contracts directly from suppliers (Hedging Master); to verify charges in utility bills (Billing Auditor); and to track energy cost and usage on a real-time basis (Real-time Budgeting). The app was launched in October 2010, and clients still using the ORM Virtual Office were migrated to this application.
During 2011 and 2012, INSIGHT added six applications to its web-based RMIS: Insight ERM© ; Insight BCP© ; ContractualRM© 2.0 ; InsightBCP© ; Insight News© ; and Insight Box© .
In April of 2013, INSIGHT completed the development and testing of InsuranceRFP© , the last app to be included with ChancesR® – INSIGHT’s web-RMIS. Thus launching INSIGHT’s platform toward a complete risk management solution.