1. yes insects are cold-blooded, their body temperature depends on the temperature of their environment, therefore the pumping rates of their hearts vary greatly
2. yes insects do have brains and sensory organs and ganglia, the brain plays an important role in image processing - their eyes are much more sensitive to motion than the human eyes
Insects have, in fact, a well-developed, nervous system, the brain processes the information from the different sensory organs, however, unlike human brains, it does not take total control of the movements. these are controlled by ganglia, which will function even when the brain does not work