Relx Plc Stock Price, News & Analysis

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.

LexisNexis Risk Solutions has been recognized as a Leader in the IDC MarketScape report for U.S. Provider Data Management for Payers 2022. This recognition underscores its exceptional commitment to maintaining quality provider data. The report highlights the effectiveness of its Provider Data Intelligence Suite, which integrates numerous data sources to ensure accurate healthcare information. Jeff Diamond, President of LexisNexis Risk Solutions, expressed commitment to enhancing patient satisfaction and healthcare outcomes through high-quality data solutions.

LexisNexis Risk Solutions has launched AmplifyID, an innovative platform for government agencies aimed at enhancing identity management amid increasing demand for digital services. The platform combines government program data with identity insights to streamline decision-making, improve fraud prevention, and ensure equitable access to services. AmplifyID consists of modules like the Identity Risk Navigator and Master Person Index, designed to tackle identity challenges and improve service delivery. The solution addresses the urgent need for efficient government operations in the wake of pandemic-related pressures.

Internova Travel Group is partnering with PROUD Experiences, a significant LGBTQ+ travel event, in New York City this June. This collaboration marks a milestone with 107 travel brands participating, the most inclusive event to date. Internova emphasizes its commitment to diversity and inclusion, aiming to highlight LGBTQ+ travel issues and strengthen its market presence. The event anticipates participation from over 20% Internova-affiliated advisors, enhancing engagement with the LGBTQ+ community, which spends over $200 billion annually on travel.