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.
News and announcements related to RELX PLC (RELX) highlight the activities of its businesses in information-based analytics, decision tools and events. RELX is described as a global provider of information-based analytics and decision tools for professional and business customers, serving customers in more than 180 countries with offices in about 40 countries. Its shares are traded on the London, Amsterdam and New York stock exchanges.
A significant portion of recent news involves LexisNexis Risk Solutions, a RELX business. These updates cover topics such as fraud and identity management awards, insurance market research, home insurance trends, property claims analytics, medical data solutions for life insurance underwriting, and studies on fraud in public benefit programs. Such news offers insight into how data and analytics are being applied to risk management, insurance, government programs and other sectors.
Other RELX-related news items feature Brightmine, a global HR and data insights provider that is part of LexisNexis Risk Solutions, and RX, the events and exhibitions organizer within RELX. Brightmine releases research on workplace dynamics and HR policy challenges, while RX announces large-scale trade shows and exhibitions across multiple industries and geographies.
Investors and observers who follow RELX news can use this page to review updates on analytics products, research reports, industry studies, event announcements and corporate developments reported by RELX businesses. Regularly reviewing these items can help readers understand how RELX-related companies are applying data, analytics and technology in their respective markets.
Cirium has launched Cirium Sky, a comprehensive aviation data warehouse that provides accurate CO2 emissions data, now recognized by American Airlines and Virgin Atlantic. This platform consolidates various datasets to enhance operational efficiency and expedite decision-making for businesses in the air travel industry. It aims to support airlines and other stakeholders in reporting their ESG footprint more effectively, while addressing inconsistencies in flight emissions reporting. Cirium Sky is underpinned by partnerships with over 900 airlines and various data sources.
LexisNexis Risk Solutions released the inaugural True Cost of Fraud Study for Supplemental Nutritional Assistance Program (SNAP) agencies, revealing significant financial impacts from fraud. For every $1 lost, agencies incur $3.72 in additional costs. The rise in mobile transactions, now accounting for 15% of applications, correlates with increased fraud costs, reaching $4.40 per dollar lost for agencies with high mobile submission rates. The report highlights identity fraud, errors, and bot attacks as critical challenges faced by SNAP agencies.
ICIS has launched Europe's first hydrogen price assessments to reflect the market value of renewable electricity, supporting the development of a clean hydrogen market. This initiative aligns with the European Commission's REPowerEU plan, which aims to quadruple hydrogen supply targets by 2030. The assessments, compliant with EU standards, provide crucial pricing instruments to enable investments of up to €500 billion. They reflect the business conditions for renewable hydrogen projects and offer transparency essential for strategic investment planning.
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LexisNexis Risk Solutions released its 2022 Financial Transparency and Inclusion Report, indicating that 69% of financial institutions recognize transparency issues as barriers to underserved customers. The survey highlights that the unbanked and underbanked face significant challenges in onboarding due to inadequate data. Key findings reveal a strong interest in improving financial inclusion, with 64% citing identity verification as a challenge. Additionally, nearly 80% show interest in a global Customer Due Diligence utility. The pandemic has accelerated the adoption of AI in compliance and identity verification processes.
Cirium's World Airline Passenger Rankings for 2021 reveal that American Airlines topped the list, followed by Delta, United, and Southwest. North American airlines saw a 75% recovery from 2020, but traffic was still down 40% from 2019 levels. Overall, global traffic was down 57% compared to pre-pandemic figures, with 2.3 billion passengers. Ryanair remains Europe's largest airline at fifth place. Notably, airlines in Asia Pacific struggled, with Cathay Pacific dropping out of the top 100. The report emphasizes the shift in market share from legacy to low-cost carriers.
Cirium, a leading aviation analytics firm, has announced that Ben Baldanza, former CEO of Spirit Airlines, and Willy Boulter, former CCO of IndiGo, have joined its On-Time Performance Advisory Board. This Board aims to enhance the OTP Program by analyzing airline and airport operational efficiencies globally. With nearly 80 years of combined aviation experience, their insights are expected to improve performance metrics as the industry recovers from the pandemic. Cirium positions itself as a key player in operational analytics, which is vital for future growth.
LexisNexis Risk Solutions announced its Financial Crime Digital Intelligence solution has been awarded the Anti-Money Laundering Product of the Year at the 2022 Risk Technology Awards. This solution addresses digital evasion of sanctions, utilizing the Digital Identity Network to detect potential evasions in real-time. The award highlights its comprehensive capabilities amidst regulatory scrutiny following increased VPN usage in Russia, with a reported 250% rise in high-risk transactions.
The latest LexisNexis Risk Solutions Insurance Demand Meter indicates a 2.0% decline in U.S. auto insurance shopping growth for Q2 2022, continuing a downward trend for the fourth consecutive quarter. New policy growth decreased by 7.1% year-over-year, impacted by rising claims costs and a reduction in marketing expenditure. Inflationary pressures and vehicle shortages are further deterring potential shoppers. However, middle-aged consumers are increasingly engaging in shopping, which presents opportunities for insurers targeting this demographic.