Daehan Fire and Marine Insurance Licenses Kamakura Risk Manager System

Kamakura Corporation reported today that Daehan Fire and Marine Insurance Co. Ltd. has licensed the Kamakura Risk Manager enterprise-wide integrated risk management system. Daehan Fire and Marine www.daeins.com)"> is one of the leading insurance companies in Korea. Its Kamakura Risk Manager installation will be focused on state-of-the-art market risk management. Daehan becomes the 11th Kamakura client in Korea and the 8th Kamakura client in the insurance industry. Unisys Korea will lead the systems integration at Daehan, the 10th time that Unisys has acted as systems integrator for a Kamakura Risk Manager installation.

"Kamakura Corporation is very pleased to have Daehan Fire and Marine join the Kamakura user group," said Dr. Donald R. van Deventer, Kamakura Chairman and Chief Executive Officer. "Insurance companies in Korea have learned the lessons of the Asia crisis and they are moving aggressively to build a strong risk management infrastructure. Daehan Fire and Marine is one of the leaders in this trend."

About Daehan Fire and Marine Insurance Co., Ltd.

Daehan Fire and Marine Insurance Co., Ltd. Is one of the leading property and casualty insurance companies in Korea, with more than 1,400 employees. The Company serves clients from more than 260 locations, specializing in a wide range of property and casualty insurance products. Daehan's main product lines include fire insurance, marine insurance, long-term savings-type insurance, automobile insurance, liability insurance, engineering insurance, annuity insurance, and personal accident insurance.

About Kamakura Corporation

Kamakura Corporation is a leading provider of risk management information, processing and software. Kamakura has been a provider of daily default probabilities for listed companies since November, 2002. Kamakura launched its private firm modeling product in January 2004. Kamakura is also the first company in the world to develop and install a fully integrated credit risk, market risk, asset and liability management, and transfer pricing system. Kamakura has clients ranging in size from $3 billion in assets to $1 trillion in assets. Kamakura's risk management software is currently used in the United States, Germany, Canada, the United Kingdom, Australia, China and many other countries in Asia.

Kamakura's research effort is led by Professor Robert Jarrow, who was named Financial Engineer of the Year in 1997 by the International Association of Financial Engineers. Professor Jarrow and Dr. van Deventer were both named to the 50 member RISK Hall of Fame in December 2002. Kamakura management has published twenty-one books and more than 100 publications on credit risk, market risk, and asset and liability management. Kamakura has world-wide distribution alliances with IPS-Sendero www.ips-sendero.com)"> and Unisys www.unisys.com)">, making Kamakura products available in almost every major city around the globe.