SCOR: Actuarial Prize 2004.

PARIS -- The SCOR Group has been supporting the development of actuarial science in Europe for the past 13 years. In Berlin, Milan, London and Paris, independent scientific juries have come together to reward the most promising students of European actuarial institutes and universities for their contribution to academic research.

Chris Daykin, Head of the British Government Actuary's Department, awarded the UK 2004 prizes in London on November 25. Three prizes were awarded, to Enrico Biffis for his research work on new accounting standards in life insurance liabilities, to Yew Khuen Yoon for his study on modelling operational risk in financial institutions, and to Pavel Huerta Uribe for his research on endowment insurance for mutual fund investment.

Giorgio Ottaviani, Professor at the University of Florence and President of the Jury, awarded the Italy 2004 prizes in Milan on November 23. Three prizes were awarded, to Sara Castelli for her research on the theory of extreme values, to Francesca Maggina for her research on reinsurance, and to Marta Scotti for her study on bonus-malus in motor vehicle liability and its effects on solvency.

Werner Katz, Professor at the University of Ulm, awarded the Germany 2004 prizes in Berlin on November 9. Three prizes were awarded, to Michael Merz for his research on credibility theory, to Florian Helms for his work on estimating long term care premiums, and to Gregor Mummenhoff for his research on option evaluation methods.

Andre Levy-Lang, Associate Professor at Paris-Dauphine University and President of the Jury, is awarding the 2004 Francophone actuarial prize in Paris on December 16. Two prizes will be awarded, one to Karim Cheikh Benami from the University of Louvain for his master's thesis on market risk measures and universal preferability, and one to Olivier Le Courtois from the University of Lyon I for his doctoral dissertation on the impact of informative events on the financial activity of companies.

All of the prizes, worth a total of 34,000 Euros, were awarded in the presence of Denis Kessler, CEO of the SCOR Group.

Certain statements contained in this press release relating to SCOR's plans, strategies and beliefs are forward-looking in nature and are based on management's assumptions and beliefs in light of the information currently available. The forward-looking statements involve risks and uncertainties that could cause actual results, performance or events to differ materially from those in such statements. Additional information regarding risks and uncertainties is set forth in the current annual report of the company.