Relx Plc Stock Price, News & Analysis

LexisNexis Risk Solutions reports a 1.2% year-over-year increase in U.S. auto insurance shopping for Q3 2022, reversing a decline from the previous quarter. New policy growth rose by 3.9%, contrasted with a drop of 7.1% in Q2. This surge in shopping was largely driven by rate increases amid rising claims costs, although Hurricane Ian temporarily impacted shopping volumes, particularly in Florida where shopping fell 40% during the storm's landfall. Consumer behavior has shifted towards independent agents, indicating a trend towards comparing more carriers for better rates.

The 2022 LexisNexis® True Cost of Fraud™ Study reveals that fraud costs for U.S. financial services firms have risen to $4.23 per $1 lost, a 16.2% increase since 2020. Canadian firms experienced a 19.6% rise, costing $3.78 per $1 lost. Key concerns include increased fraud due to mobile transactions and the rise of buy now, pay later services. Banks reported the highest fraud costs, and identity verification remains a major challenge. The report highlights the complexities of modern fraud and the need for multi-layered solutions to mitigate risks.

On November 10, 2022, Jim Fitterling, CEO of Dow, was honored with the 2022 ICIS CEO of the Year Award, as voted by peers in the ICIS Top 40 Power Players. This award recognizes outstanding achievements in profitability, ESG, innovation, and success in M&A. During a virtual discussion, Fitterling highlighted Dow's focus on decarbonization and plastics recycling. The award reflects the dedication of the Dow team to innovation, customer-centricity, and sustainability. Previous winners include leaders from BASF and Saudi Aramco, emphasizing the award's significance in the chemical industry.

LexisNexis Risk Solutions released a study indicating that 80% of institutions expect an increase in fraud risk over the next 24 months. The survey, which included 326 decision-makers from sectors like financial services and retail, revealed that all types of fraud surged by an average of 37% in the past year. Digital wallet scams and phishing have notably risen. Organizations struggle with privacy concerns and poor user experiences while implementing new fraud prevention strategies. The study emphasizes the need for enhanced fraud management as digital payment methods become more prevalent.

RELX, a global provider of information-based analytics, reports a 9% underlying revenue growth for the first nine months of 2022. The company's business services and specialized industry data services posted robust growth, while exhibitions saw an impressive 85% growth year-to-date. The outlook for the full year remains optimistic with expectations of continued revenue and profit growth above historical trends.

Despite challenges, the company anticipates strong growth in adjusted earnings per share, maintaining a positive business trajectory.

LexisNexis Risk Solutions has launched MarketView Patient Journey Intelligence, a comprehensive real-world data solution designed to enhance health outcomes research. This innovative platform utilizes referential tokenization technology to create accurate, longitudinal views of patient health, drawing from one of the largest de-identified medical claims datasets in the United States. The service facilitates the evaluation of healthcare practices and treatment pathways, addressing unmet patient needs and streamlining research processes.

Cirium has announced upgrades to its Fleets Analyzer tool, integrating CO₂ emissions and satellite tracking data. This enhancement allows for a detailed overview of aircraft operations globally, with a reported 9.5% reduction in average CO₂ emissions per flight in September 2022 compared to 2019. The tool boasts over 450,000 unique aircraft records and enables comprehensive analysis on supply, demand, and liquidity in the aviation sector. Major airlines like American Airlines and Virgin Atlantic have praised the accuracy of the CO₂ emissions data.