4  BIS central bankers’ speeches  most common argument is that the deep recession created serious difficulties in matching available workers to available jobs, resulting in a big increase in structural unemployment. The mismatches in question could develop for a number of reasons.
We hope this work will be valuable for both the sector and regulators. The Sustainable Insurance Forum (SIF) and the International Association for Insurance Supervisors (IAIS) have joined the NGFS as observers. They are raising awareness and making a valuable contribution to our work. Next year, the IAIS will publish an application paper on climate-related risks.