SCOR : 2007 Actuarial Awards: SCOR supports the development of actuarial science in Europe and announces the launch of

Tue Dec 4, 2007 5:59am EST
 
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  PARIS, Dec 04 (MARKET WIRE) -- 
 Press Release

    04 December 2007

    N degrees 58 - 2007

    For further information, please contact:

    Beat Werder +33 (0)1 46 98 71 39

    Chief Communications Officer

    Marco Circelli +33 (0)1 46 98 72 17

    Head of Investor Relations

    2007 Actuarial Awards:

    SCOR supports the development of actuarial science in Europe and announces
the
launch of a Swiss prize in 2008

    Every year SCOR rewards the best academic projects in the field of actuarial
science, nominated under the auspices of its Actuarial Awards or "Prix de
l'Actuariat". These actuarial prizes, designed to enhance the actuarial
intellectual capital of the future, promote and encourage research in actuarial
science and risk management. This year a total of around EUR 25,000 was
awarded in Europe. The Actuarial Awards usually take place in France, the
United Kingdom, Italy and Germany. An additional awards ceremony is scheduled to
take place in Switzerland as of next year.

    Andre Levy-Lang, Associate Emeritus Professor at l'Universite Paris-Dauphine
and
President of the Jury, along with Denis Kessler, Chairman and CEO of SCOR SE,
awarded the 2007 France prizes on 3 December 2007 in Paris. Two prizes were
awarded, to Pierre Therond of the Institut de Science Financiere et d'Assurances
(ISFA) for his thesis on "Measuring and managing insurance risks: a critical
analysis of future standards" ("Mesure et gestion des risques d'assurance :
analyse
critique des futurs referentiels") and to Geraldine Krauth of the Conservatoire
National des Arts et Metiers (CNAM) for her dissertation on "Reserving and
correlationsbetween branches" ("Provisionnement et correlation entre branches").

    Professor Riccardo Ottavani (Universita La Sapienza, Rome) awarded the
2007Italy prizes on 22 November 2007 in Milan, in the presence of Umberto
Gavazzi,
Europe, Middle East and Africa Director of SCOR Global P&C. Two prizes were
awarded, to Brunella Lando (Universita del Sannio, Benvenuto), for her study
entitled
"A stochastic model for the valuation of loss reserves in the Solvency II
framework: The Mack model" ("Un modello stocastico per il calcolo della riserva
sinistri nell'ottica Solvency II: Il modello di Mack") and to Isabella
Silvestri (Universita Cattolica del Sacro Cuore, Milan) for her work on "The
valuation of loss reserves in property and casualty insurance: deterministic
and stochastic actuarial models" ("La valutazione della riserva sinistri nelle
assicurazioni danni : metodi attuariali deterministici e stocastici").

    Chris Daykin, Head of the British Government Actuary's Department, awarded
the
2007 UK prizes in London on 21 November 2007 in the presence of Denis Kessler.
Two prizes were awarded, to Jonathan Richardson of Cass Business School, City
University London, for his work entitled "The shape of things to come: the
effect of obesity on mortality rates in the UK" and to George Aristides of the
same business school for his study entitled "Modelling utility under
uncertainty:
further along the alternative path".

    Every year the juries, composed of university teachers and insurance,
reinsurance
and finance professionals, reward works demonstrating an excellent command
of actuarial concepts and quantitive analysis instruments, dealing with subjects
that could have a practical application in the world of risk management.

    These awards confirm the importance that SCOR has been placing on the
development of actuarial science in Europe for the past 16 years. With
thisunique pan-European approach to furthering actuarial expertise, SCOR plays
an
important role in the development of vital young talent for the benefit of the
insurance and reinsurance industries.

    *

    * *

    Forward looking statements

    SCOR does not communicate "profit forecasts" in the sense of Article 2 of
(EC) Regulation n degrees809/2004 of the European Commission. Thus, any
forward looking statements, contained in this communication, should not be
held as corresponding to such profit forecasts. Information in this
communication may include "forward-looking statements", including but not
limited to statements that are predictions of or indicate future events, trends,
plans or objectives, based on certain assumptions and include any statement
which does not directly relate to a historical fact or current fact.
Forward-looking statements are typically identified by words or phrases such
as, without limitation, "anticipate", "assume", "believe", "continue",
"estimate",
"expect", "foresee", "intend", "may increase" and "may fluctuate" and similar
expressions or by future or conditional verbs such as, without limitations,
"will", "should", "would" and "could." Undue reliance should not be placed on
such statements, because, by their nature, they are subject to known and unknown
risks, uncertainties and other factors, which may cause actual results, on the
one hand, to differ from any results expressed or implied by the present
communication, on the other hand.

    Please refer to SCOR's document de reference filed with the AMF on April 10,
2007 under number D.07-0294 (as updated by the seconde note complementaire
registered with the AMF on June 12, 2007 under registration number 07-183, the
"Document de Reference"), for a description of certain important factors, risks
and uncertainties that may affect the business of the SCOR Group, and to
SCOR's prospectus d'admission registered with the AMF on April 10, 2007 under
registration number 07-0115, as updated by the first note complementaire
registered with the AMF on April 23, 2007 under registration number 07-0131 and
the seconde note complementaire registered with the AMF on June 12, 2007 under
registration number 07-183, for a description of certain important risks
and uncertainties that relate to the Offer for and combination with Converium.

    This information is provided by HUGIN

    



Copyright 2007, Market Wire, All rights reserved.

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