Reraising exceptions

Will the insert take place in this piece of code

DECLARE
   err_num NUMBER;
   err_msg VARCHAR2(100);
BEGIN
...

EXCEPTION
...

   WHEN OTHERS THEN

      err_num := SQLCODE;
      err_msg := SUBSTR(SQLERRM, 1, 100);
      INSERT INTO errors VALUES (err_num, err_msg);

     RAISE;   /* or RAISE_APPLICATION_ERROR */