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.
The LexisNexis Risk Solutions Insurance Demand Meter reveals a 5.2% decrease in the annual U.S. auto insurance shopping growth rate for Q4 2021, down from 3.9% in Q3 2021. New policy growth for the quarter was -6.9% compared to Q4 2020, slightly improving from -7.3% in the previous quarter. Insurers have responded to declines by cutting marketing efforts and focusing on rate increases to improve profitability amid rising claims costs.
Looking ahead, volatility in vehicle and insurance shopping may continue due to ongoing challenges, including automotive chip shortages.
LexisNexis Risk Solutions has announced a collaboration with Ohio State University Wexner Medical Center to enhance healthcare services in underserved communities. The partnership will leverage comprehensive claims data to better understand patient needs across urban and rural Ohio. The data analytics team will utilize LexisNexis MarketView to analyze service demand and improve service delivery. This collaboration aims to address gaps in healthcare coverage and improve health equity in the state, as stated by both Susan White and Jeff Diamond.
Aireon has partnered with Cirium to enhance aviation data analytics. This collaboration enables Cirium to access AireonSTREAM, the only global source of ATS surveillance data, providing precise global data for air traffic stakeholders. In exchange, Aireon will utilize Cirium's comprehensive flight status data, including real-time flight information and schedules. Together, they aim to improve operational efficiency and decision-making in the aviation industry, offering the most complete gate-to-gate flight data available.
Cirium has announced a long-term partnership with Aireon to integrate their aviation data systems. This collaboration aims to enhance flight tracking accuracy, providing real-time data on take-off and landing times, aircraft utilization, and carbon emissions. The integration is expected to significantly improve the quality of flight coverage, particularly in regions such as China, the Middle East, and Asia Pacific. Starting March 2022, Cirium will leverage Aireon’s comprehensive flight tracking capabilities, creating a unique data set that will benefit various stakeholders in the aviation industry.
LexisNexis Risk Solutions has launched LexID® for Insurance, designed to help U.S. insurance carriers link and connect disparate customer records. Utilizing proprietary linking technology and over 35 years of referential data, LexID creates a unified customer view, enhancing data accuracy and enabling personalized service. As insurers transition to a customer-centric approach, effective customer data management (CDM) is vital for competitiveness and compliance with evolving privacy laws. This solution aims to reduce inefficiencies, boost profitability, and improve customer experience.
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Cirium's On-Time Performance Review 2021 highlights that December was the busiest month for flights, totaling 2.43 million. However, a significant 59,240 flights were canceled globally from December 24, 2021, to January 3, 2022, marking the highest cancellations for December in a decade. The surge in cancellations, including 20,500 in the first three days of the new year, was driven by the Omicron variant and operational challenges. American Airlines, the leading carrier with 1.85 million flights, faced challenges with on-time performance at 80.47%.
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Cirium's 2021 Fleet Forecast predicts that
LexisNexis Risk Solutions and Shift Technology have announced a strategic alliance aimed at enhancing fraud detection and risk management in the insurance industry. This partnership allows insurance carriers to integrate LexisNexis Claims Clarity data into Shift's AI-driven decision models, improving the prediction of fraud and risk at the first notice of loss. Insurers can fast-track over 80% of claims with high confidence, resulting in enhanced efficiency and customer satisfaction. The collaboration seeks to address the industry's shift to real-time data processing for better decision-making.