Daehan Fire and Marine Insurance Licenses Kamakura Risk Manager System

HONOLULU, November 29, 2004: 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 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."

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