Monitoring Audio Tracks & Inserts

Something is either wrong with my setup or I am misunderstanding.

If I have an audio channel set up to record, and use an insert, shouldn’t I be able to hear and adjust that insert while playing/recording? As it is now, I can only hear inserts working on playback of an existing track.

Is this be design, or am I doing something wrong?

TIA

James

Perhaps you are direct monitoring via your interface instead of monitoring through Cubase?