Risk Management Information System

Risk management information systems (also known as RMIS) were suppose to be information systems to identify, measure and manage risk throughout the organization. Unfortunately, because they were initially developed by insurance companies, they ended up turning into risk management insurance systems providing tools to manage claims and insurance policies (underwriting risk) only.

INSIGHT’s ChancesR®, is a true RMIS entirely developed by risk managers for risk managers, with tools to identify and assess risk (Activity-Based Risk Analysis©); to control risk (Insight Claims©, Insight BCP©, and Insight News©); to mitigate risk (Insight RFP©, Contractual RM©, and Hedging Master©); and finally to monitor risk (Real-time Budgeting).