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.
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.
The 13th annual True Cost of Fraud Study by LexisNexis Risk Solutions highlights significant increases in fraud costs for U.S. and Canadian merchants. U.S. retailers now incur an average cost of $3.75 per $1 lost to fraud, a 19.8% rise since 2019. For Canadian merchants, the cost is $3.19, an 11.1% increase. The study reveals that fraud linked to mobile commerce is rising, with U.S. attacks increasing 52% and Canadian attacks by 101%. Moreover, integrating fraud prevention with customer experience can reduce the cost of fraud, benefiting merchants.
U.S. consumers are increasingly interested in connected services offered by automakers, revealing significant opportunities for enhanced engagement and customer experience, according to a LexisNexis Risk Solutions study. Key findings include that 66% of car buyers were unaware of connected services prior to purchase, and 57% were not offered a free trial. When offered, 81% enrolled, with 45% converting to paid subscriptions. The study emphasizes the need for automakers to educate customers about benefits and improve outreach, particularly to used car buyers, to maximize the potential of connected technologies.
LexisNexis Risk Solutions has released a special edition of its Sanctions Pulse infographic, revealing a significant increase in sanctions activity due to the Russia-Ukraine conflict. From February 21 to March 31, 2022, there were 40 updates to sanctions lists involving a net increase of 2,384 sanctions related to Russia alone. This unprecedented regulatory response poses compliance challenges for businesses globally, necessitating greater scrutiny to adhere to evolving sanctions. Compliance professionals are facing compounded pressures, affecting trade and supply chains worldwide.
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Cirium has developed a precise methodology for calculating CO2 emissions and fuel burn for flights. This innovation has been recognized by major airlines such as American Airlines and Virgin Atlantic, who praised Cirium's accuracy. Notably, Zurich Insurance has partnered with Cirium to analyze corporate travel emissions, aiding their sustainability goals. Cirium aims to be the standard in aviation emissions reporting, providing data that allows clients to better understand and manage their carbon footprint. The comprehensive methodology incorporates various data points, including aircraft specifications and operational data.