As our reliance on technology increases, digital transformation is becoming more important – in fact, it is imperative for the survival of organisations. Covid-19 has been a wakeup call that risks can in fact materialise and we now need to look at areas of our business that should have contingency measures in place to build resilience. We look at how Risk Management software and the effective management of risk can garner negotiating power with insurers, the need for qualitative and quantitative risk information and how risk management needs to be a living system and not only something assessed annually.