STOCK TITAN

RELX PLC - RELX STOCK NEWS

Welcome to our dedicated page for RELX PLC news (Ticker: RELX), a resource for investors and traders seeking the latest updates and insights on RELX PLC stock.

RELX PLC (LSE: REL, NYSE: RELX) is a British multinational information and analytics company headquartered in London, England. As a global provider of information-based analytics and decision tools, RELX caters to professional and business customers across various industries. The company's core operations span scientific, technical, and medical information and analytics, legal information and analytics, decision-making tools, and the organization of exhibitions.

One of RELX's key business segments includes LexisNexis Risk Solutions, which recently announced the availability of LexisNexis® Flyreel® for the commercial insurance market. This advanced property survey solution utilizes AI-driven insights to help carriers assess property risk efficiently. The solution has already gained momentum in the home insurance market and is now expanding into commercial property insurance, helping carriers streamline underwriting programs through AI-enabled automation.

RELX has a significant presence in North America, generating around 60% of its revenue from the region. Europe contributes approximately 20% to the company's revenue. The company's impact extends to organizing large-scale digital and face-to-face events such as industry trade shows, exemplified by recent events like WEPACK 2024, a major packaging industry exhibition held in Shenzhen, China.

RELX continues to innovate in various fields, as highlighted by LexisNexis Risk Solutions' ranking as a leader in Product Vitals in Javelin Strategy & Research's 2024 Authentication and Identity-Proofing Vendor Solutions Scorecard report. Additionally, RELX's commitment to the packaging industry is evident through its organization of events like WEPACK, which showcases global packaging industry innovations.

Financially, RELX maintains a robust balance sheet, supported by its diverse and stable revenue streams. The company's ongoing projects and strategic partnerships are aimed at driving growth and maintaining its leadership position in information and analytics.

For more information, visit the RELX website.

Rhea-AI Summary

LexisNexis Risk Solutions has been ranked second overall in the 2024 Chartis Research STORM Retail Finance Analytics50 rankings. The company also won three category awards: Innovation, Identity Analytics solutions, and for the second consecutive year, Alt-Credit solutions.

Chartis Research praised LexisNexis Risk Solutions for its advanced capabilities in identity, device, and fraud analytics. The company's innovative approach to packaging alternative credit data was highlighted as significantly enhancing the fine-tuning of credit products.

The recognition reflects the company's comprehensive suite of offerings, including LexisNexis RiskView credit solutions, Small Business Credit Report, Dynamic Decision Platform, ThreatMetrix, and Fraud Intelligence solutions.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.97%
Tags
none
-
Rhea-AI Summary

LexisNexis Risk Solutions released a study on the effectiveness of financial institutions (FIs) in combating authorized transfer scams. The study reveals that only 50% of FIs feel confident in their scam mitigation efforts. Additionally, 69% of FIs struggle to break a victim's belief in a scammer, and only 4% can alert customers to impersonation scams within 24 hours. Despite 81% prioritizing scam prevention, 64% face challenges with current solutions. FIs are encouraged to adopt advanced technologies and data-based insights to improve scam detection and prevention strategies, ensuring secure and efficient transactions for consumers.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.04%
Tags
none
-
Rhea-AI Summary

On June 27, 2024, LexisNexis Risk Solutions launched Accurint AI Insights, a new AI feature in their Accurint Virtual Crime Center. This innovation leverages data from over 2,100 law enforcement agencies to identify and respond to crime trends swiftly. The AI provides automated alerts and advanced analytical tools, enabling law enforcement to make informed decisions. LexisNexis has integrated both extractive and generative AI techniques, supported by a team of over 2,000 technologists and data scientists. This enhancement aims to shift law enforcement from reactive to proactive crime-fighting by providing timely, actionable intelligence.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.36%
Tags
AI
Rhea-AI Summary

LexisNexis Risk Solutions released its 2024 U.S. Auto Insurance Trends Report, highlighting significant shifts in driving behaviors, insurance shopping trends, and claim dynamics. Key findings include a 24% increase in distracted driving violations among Gen Z from 2022, and a 66% rise since 2019. Claim severities are high due to parts and labor shortages, and attorney involvement. Insurers raised rates by 14% in 2023, improving the combined loss ratio to 105%, but consumer retention has dropped from 83% to 80%. EV claims are more frequent and severe compared to traditional vehicles. The report underscores the need for insurers to balance market acquisition with rate adequacy to maintain profitability.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.15%
Tags
none
-
Rhea-AI Summary

LexisNexis Risk Solutions has launched ThreatMetrix for Insurance Quotes to help U.S. auto insurers combat increasing sophisticated bot attacks while maintaining a smooth consumer experience. Using a crowdsourced repository of 100 billion global digital transactions, this tool can differentiate between legitimate and malicious transactions in real-time. With the rise of AI and a 43% year-over-year increase in digital fraud attacks, the need for advanced detection systems is critical. The solution aims to safeguard consumer data and streamline the quoting process, accommodating the growing trend of online insurance purchases, particularly among younger consumers.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.49%
Tags
none
-
Rhea-AI Summary

The WEPACK 2025 press conference took place on June 2 at the Tulip Inn Hotel Düsseldorf Arena, Germany. Organized by RX in partnership with WPO, the conference attracted representatives from key exhibitors and industry associations. The event highlighted the strategic importance of WEPACK 2025, which will host over 1,500 exhibitors from roughly 110 countries, and focus on innovative, sustainable, and efficient packaging trends.

Mr. Alex Wang of RX emphasized mutual cooperation in the packaging industry, while Mr. Kishan Singh of WPO discussed the long-standing collaboration between RX and WPO. The exhibition will feature a wide range of sectors, including a new label technology section and seven concurrent exhibitions. WEPACK 2025 aims to foster global trade and cooperation, with the event scheduled to take place in April 2025 at the Shanghai New International Expo Centre.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.21%
Tags
none
Rhea-AI Summary

LexisNexis Risk Solutions has released its annual Cybercrime Report, revealing a 19% increase in global human-initiated digital attacks in 2023. Human-initiated attacks surged by 40% in volume, while automated bot attacks increased by 2%. The report highlights a significant rise in eCommerce attacks, particularly through account takeovers, with the attack rate at login increasing by 119% YOY. The study identifies cybercriminals operating from remote scam centers in Southeast Asia. Regulatory changes and advanced bot detection technologies are being used to combat these threats.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.29%
Tags
none
-
Rhea-AI Summary

LexisNexis Risk Solutions has rebranded its vital records management platform from LexisNexis Database Application for Vital Events (DAVE) to VitalIQ. This change coincides with enhancements aimed at increasing efficiency and reducing the workload for vital records agencies. Since 2005, LexisNexis's VitalChek has led the industry by assisting 16 U.S. states in managing vital records, including births, deaths, marriages, and divorces. VitalIQ integrates with VitalChek.com, automating records issuance to allow staff to focus on critical tasks. The platform offers customizable modules, user access controls, and administrative tools, ensuring data security and efficient service. CEO Haywood Talcove emphasized that VitalIQ reaffirms LexisNexis's commitment to innovation and excellence in data management.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.11%
Tags
none
-
Rhea-AI Summary

The LexisNexis Insurance Demand Meter indicates U.S. auto insurance shopping activity rose by 2.9% year-over-year in Q1 2024, down from 4.7% in the previous quarter.

New policy growth was strong, showing an 8.7% year-over-year increase. Consumers continue to switch insurers, with 42% of insured households shopping in the past year.

Consumers loyal for over 10 years now make up 24% of shoppers. Older shoppers and tax refunds contributed to higher shopping rates during Q1 2024. Insurers are recommended to enhance retention strategies to maintain profitability, especially with a potential slowdown in Q2 2024.

Fewer large rate increases may change traditional shopping behaviors, and insurers focusing on acquiring and retaining profitable business could gain market share.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.02%
Tags
none
Rhea-AI Summary

LexisNexis Risk Solutions has been recognized as a Category Leader in both Transaction Screening and Adverse Media quadrants by Chartis Research in its 2024 report. The evaluation included 36 transaction screening solutions providers and 30 adverse media monitoring solutions providers. LexisNexis Risk Solutions’ Firco™ Continuity, a real-time transaction screening tool, ensures regulatory compliance and was highlighted for its comprehensive capabilities. The WorldCompliance™ Data product, which aggregates information from over 30,000 sources, was also acknowledged for its efficacy in profiling entities involved in illicit activities. These recognitions highlight the company's commitment to delivering critical data and insights to mitigate regulatory and reputational risks for its clients.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.64%
Tags
none

FAQ

What does RELX PLC do?

RELX PLC provides information-based analytics and decision tools for professional and business customers across various industries, including science, medical research, risk management, and legal sectors.

Where is RELX PLC headquartered?

RELX PLC is headquartered in London, England.

What are the core business segments of RELX PLC?

RELX's core business segments include scientific, technical, and medical information and analytics, legal information and analytics, decision-making tools, and the organization of exhibitions.

What is LexisNexis Flyreel?

LexisNexis Flyreel is an advanced property survey solution that uses AI-driven insights to help insurance carriers assess property risk more efficiently.

How much revenue does RELX generate in North America?

RELX generates around 60% of its revenue from North America.

What recent achievements has RELX made in the packaging industry?

RELX recently organized WEPACK 2024 in Shenzhen, China, showcasing innovations and developments in the global packaging industry.

How did LexisNexis Risk Solutions perform in Javelin Strategy & Research's 2024 report?

LexisNexis Risk Solutions was ranked as a Leader in Product Vitals in Javelin Strategy & Research's 2024 Authentication and Identity-Proofing Vendor Solutions Scorecard report.

What percentage of RELX's revenue comes from Europe?

Approximately 20% of RELX's revenue comes from Europe.

What are some of the key features of LexisNexis Flyreel for commercial insurers?

Key features of LexisNexis Flyreel for commercial insurers include AI-driven property insights, streamlined underwriting programs, and the elimination of manual, time-intensive processes.

Where can I find more information about RELX PLC?

You can find more information about RELX PLC on their official website at www.relx.com.

RELX PLC

NYSE:RELX

RELX Rankings

RELX Stock Data

84.43B
1.87B
4.01%
0.14%
All Other Business Support Services
Administrative and Support and Waste Management and Remediation Services
Link
United States of America
London