In an increasingly interconnected world, shocks are felt across sectors, borders and scales, revealing the systemic nature of risks. This holds true for the ongoing COVID-19 pandemic, for the effects of climate change, and also from the effects of newly emerging crises, such as the war in Ukraine. It is therefore critical that we analyse these events to derive lessons for risk management, so as to better prepare for future events. A new report by the UN Office for Disaster Risk Reduction (UNDRR) and the United Nations University – Institute for Environment and Human Security (UNU-EHS), dives into the systemic nature of risks revealed by the COVID-19 pandemic. It presents cross-cutting findings from five case studies in different countries (Ecuador, India, Togo, Bangladesh and Indonesia), touching on different social and environmental issues. Moreover, lessons learned on the prevention and management of risks are highlighted.