PARIS, June 4, 2002 (PRIMEZONE) -- SCOR (NYSE:SCO) reaffirms its commitment to the development of electronic exchanges, and reaches a new milestone: 6,000 reinsurance accounts have now been fully processed automatically.
Building on Omega, the global information and management system installed throughout the Group's network worldwide since 1999, SCOR has anticipated the gradual generalization of insurance and reinsurance-related electronic exchanges. The development of Omega has completely integrated the reception of ACORD (Association for Cooperative Operations Research and Development) standard electronic messages for technical reinsurance accounts and payments, and their completely automatic processing.
These realizations were honored at the annual ACORD conference, held in Orlando in May, during which SCOR received three Awards for excellence in this field.
SCOR continues to work with its major business partners in order to further promote electronic exchanges.
With 30 offices around the world, serving clients in over 150 countries, SCOR is France's largest reinsurer and one of the industry world leaders. Thanks to its ability to provide innovative technical and service support, the SCOR Group has built up a well balanced portfolio of Property and Casualty, Life, Accident & Health and Specialty reinsurance products and services. The Group's ratings, which include AA- from Fitch, A (Excellent) from AM Best and A+ from Standard & Poor's, reflect its financial strength and underwriting expertise. SCOR shares, which belong to the SBF 120, Bloomberg European Insurance, NEXT 150 and Dow Jones STOXX indexes, are listed in Paris and New York. SCOR has a widely diversified international shareholder base, with more than 20,000 shareholders in 64 countries.