with respect to applying IFRS 17 insurance contract

in details, explain the following findings:

1) an investment strategy favorable for valuing insurance contracts according to the standard may conflict with the Asset & Liability Management of the firm.

2) that a low risk adjustment increases the contractual service margin (CSM) and hence the possibility of smoothing profits over time.

3) the policy for releasing the CSM should take both risk-neutral and real assumptions into account.