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 re-launched its On-Time Performance Report, marking a significant return for the aviation sector as flight volumes increase globally. In May 2021, Japan Airlines, Hawaiian Airlines, Red Wings, and Avianca were recognized as the most punctual airlines in their regions. Tokyo's Haneda Airport achieved the highest on-time performance globally. The report, which assesses punctuality based on over 300 terabytes of data, indicates a positive trend in airline and airport performance since its suspension during the COVID-19 pandemic.
LexisNexis® Risk Solutions has launched its Emailage® product for the insurance market in the U.S., enhancing risk assessment through email intelligence. This solution aims to combat insurance fraud by providing an email risk score that identifies potential fraudulent activity. The product leverages over 5.9 billion digital identifiers, improving fraud capture rates by 42%, reducing manual review volumes by 27%, and increasing acceptance rates of transactions by 16%. It is part of a broader strategy to streamline online transactions while safeguarding against cyber threats.
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LexisNexis Risk Solutions, a subsidiary of RELX, received the Judge's Choice award for the Best Identity Verification/Authentication Solution at the 2021 CNP Awards. This award recognizes companies that effectively authenticate cardholders in digital environments. With a focus on enhancing consumer trust, LexisNexis employs advanced identity verification technologies that include biometric assessments and digital risk evaluations. The win marks their second consecutive year of recognition in this category, highlighting their leadership in combating digital fraud.
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LexisNexis Risk Solutions has released its Q1 2021 Insurance Demand Meter, indicating a year-over-year new business growth rate exceeding 7%. Despite challenges from Winter Storm Uri and delayed tax returns in February, March showed a promising recovery with a 27.8% increase in shopping volume. The overall growth for Q1 remained strong, marking a significant rebound from pandemic-related declines. The report underscores the importance of insurers adapting to the resurgence in shopping behavior as the economy reopens.
LexisNexis Risk Solutions has initiated a collaboration with Carrot Health to enhance population health management through the integration of social determinants of health (SDOH) data. This partnership allows Carrot Health to utilize clinically-validated SDOH attributes from LexisNexis within its analytics platform, targeting improved member engagement and health outcomes. The upgraded system aims to reduce healthcare costs and prevent hospital readmissions by offering insights derived from extensive consumer and healthcare data. Both companies emphasize their commitment to addressing health inequities through data-driven strategies.
LexisNexis Risk Solutions has launched the Attract for Commercial Insurance platform, enhancing insurance risk evaluation for small and micro businesses. This model incorporates business credit data from the Small Business Financial Exchange (SBFE), achieving an average 82% scorable rate on businesses. By integrating unique financial insights, insurers can better assess loss propensity and provide accurate policy pricing. The platform aims to address the impact of COVID-19 on small businesses and improve underwriting practices for commercial insurers.
LexisNexis Risk Solutions released its 2021 U.S. Auto Insurance Trends Report, analyzing 2020 data to highlight shifts in consumer behavior and market practices due to the COVID-19 pandemic. Key findings include a 5.3% increase in shopping volumes year-over-year, a 12.6% drop in new business policies in April 2020, and a 10% rise in dangerous driving behaviors. Collision claim severity saw a 3.7% increase despite a reduction in claim volume. The report offers insights for auto insurance carriers to navigate future market disruptions.
LexisNexis Risk Solutions released its 2021 Future of Claims Report on May 3, 2021, highlighting the surge in claims automation due to COVID-19. The study indicates that claims processing accelerated from under 15% virtual pre-pandemic to about 60% now. With 92% virtual claims satisfaction, challenges remain, particularly in cybersecurity, as 61% of consumers express data privacy concerns. The report emphasizes the necessity for insurers to adapt to consumer expectations for a hybrid model of claims processing.