Relx Plc Stock Price, News & Analysis

The LexisNexis Risk Solutions Corporate Digital Payments Study, conducted with Capgemini Invent, reveals key insights into the corporate account-to-account (A2A) payment market. Covering regions such as North America, Europe, and Asia-Pacific, the study found that corporate non-cash payments reached approximately 133 billion transactions in 2021 and are projected to near 200 billion by 2025. A2A solutions dominate payment processing, accounting for over 50% of accounts payables and receivables. Digital transformation is now a priority for nearly 60% of corporations as they adapt to new payment technologies.

Cirium and 3Victors have announced a strategic partnership aimed at enhancing travel demand forecasting in the post-pandemic era. This collaboration allows airports and Destination Marketing Organizations (DMOs) to utilize Diio by Cirium’s flight schedules and traffic data alongside 3Victors’ DemandView search data. This comprehensive solution will accurately analyze passenger trends and identify opportunities in an evolving travel landscape, crucial for optimizing marketing strategies and service retention.

The True Cost of Fraud Study for Real Estate by LexisNexis Risk Solutions reveals significant increases in mortgage-related fraud over the past three years, particularly linked to online and mobile transactions. The study surveyed 360 risk executives and found consumer fraud constitutes two-thirds of lender losses. Key findings indicate that depository originators incur $5.34 in costs for every $1 of fraud, while non-depository firms face $4.66. Identity verification challenges are prevalent, and a multi-layered fraud prevention strategy integrating technology is recommended to mitigate risks.

LexisNexis Risk Solutions announced the approval of its Rooftop analytics tool for home insurance carriers in multiple states, including Alabama, Georgia, Louisiana, and South Dakota. This model aims to accurately price roof risk by assessing aerial imagery and historical claims data. The average home insurance loss ratio has now surpassed 89%, with the approved states accounting for nearly 19.2% of national hail losses. The Rooftop model boasts a potential 20x lift in loss cost relativity, assisting insurers in better managing their expense ratios and enhancing risk assessment.

LexisNexis Risk Solutions, part of RELX, has acquired BehavioSec, a leader in behavioral biometrics. This acquisition aims to bolster their digital identity and fraud prevention offerings, integrating BehavioSec’s sophisticated behavioral authentication capabilities into the ThreatMetrix platform. With a global presence, BehavioSec's technology enhances continuous user authentication while ensuring a seamless consumer experience. This strategic move is expected to benefit both large enterprises and SMEs, reinforcing RELX’s market position in identity and fraud management.

LexisNexis Risk Solutions released its 2022 U.S. Auto Insurance Trends Report, analyzing 2021 data to highlight ongoing challenges in the auto insurance industry. Key findings indicate continued volatility in auto insurance shopping and policy growth due to pandemic-related factors. Notable shifts in driving behavior have led to increased claims severity, despite a rebound in miles driven. The report emphasizes the need for insurers to leverage data and analytics for better risk assessment and customer experience as regulatory changes put pressure on traditional insurance practices.

RELX has provided a trading update ahead of its Annual General Meeting, affirming its positive outlook for the full year. Key business metrics show growth in line or exceeding historical trends, driven by its focus on organic development of sophisticated analytics tools. The company anticipates full-year underlying growth in revenue and adjusted operating profit to remain above historical averages, with particular strengths noted in Business Services, Scientific, Technical & Medical, and Legal segments. Revenue growth outlook remains strong across all sectors.