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.
On February 23, 2021, LexisNexis Risk Solutions released the latest Insurance Demand Meter, revealing a Q4 increase in U.S. auto insurance shopping activity and a strong finish for 2020, with an annual shop rate of 41%. Despite overall growth, new business volume rose only 3.9%, with a year-over-year growth of just 0.6%. The report noted a gap between insured and uninsured shoppers, with insured shoppers increasing by 15.1% while uninsured shoppers declined by 7.6%. The exclusive agent channel saw a 16% growth, indicating a shift in consumer behavior.
LexisNexis Risk Solutions released its Cybercrime Report for July to December 2020, revealing a shift in fraud tactics. While human-initiated attacks dropped by 184 million, bot attacks increased by 100 million. The report highlights that individuals under 25 are most susceptible to fraud, while the 75 and older group incurs the highest financial loss. Transactions processed through the Digital Identity Network rose to 47.1 billion in 2020, with a marked increase in e-commerce and financial services. The report emphasizes the need for businesses to enhance protection against evolving cyber threats.
LexisNexis Risk Solutions and Accuity, both part of RELX, are merging operations to enhance financial crime compliance solutions globally. The merger aims to combine their strengths in risk management and payments, addressing the growing demand for comprehensive compliance, anti-money laundering, and KYC solutions. This strategic integration will create a major player in the compliance risk solutions market, leveraging high-value data and analytics. The combined offerings will bolster efforts against fraud across government benefit programs, with business to continue as usual during integration.
LexisNexis Risk Solutions released its Top 100 Hospice and Home Health Agencies Rankings for 2020, highlighting industry dynamics and competitive positioning.
The rankings are based on over 2.2 billion de-identified medical claims and include names like Kindred Healthcare and Amedisys. This annual report aids organizations in strategic decision-making amidst challenges like COVID-19 and growing market competition.
The report informs stakeholders on M&A opportunities and market share, crucial for fostering growth in a competitive landscape.
On February 9, 2021, LexisNexis Risk Solutions launched two new alternative credit scores, RiskView Optics and RiskView Spectrum. These scores utilize a comprehensive view of consumer credit risk to enhance financial inclusion, effectively scoring over 90% of applicants without traditional credit scores. RiskView Optics combines non-credit life events with alternative credit inquiry data, while RiskView Spectrum integrates this with traditional credit data. The new tools aim to improve creditworthiness assessments, allowing lenders to offer competitive terms and reduce risk exposure.
LexisNexis Risk Solutions published its 2020 State of Fraud report, outlining significant trends in fraud due to the COVID-19 pandemic. The report indicates a 42% year-over-year increase in digital transactions in the U.S. and Canada, with mobile transactions constituting 60%. The rise in fraud methods includes synthetic identities and identity fraud rings, complicating identity verification. Notably, 45% of U.S. consumers have experienced data breaches, fueling fraudulent activities. Organizations are advised to adopt comprehensive strategies to combat these evolving threats as fraud attempts are expected to persist in 2021.
LexisNexis Risk Solutions has launched LexisNexis Rooftop, a cutting-edge risk assessment tool for home insurance carriers that incorporates aerial imagery, weather data, and claims history. This innovative tool allows insurers to enhance underwriting decisions by providing detailed roof insights at the time of quoting and renewing policies. The Home Trends Report indicates that wind and hail claims comprise nearly half of home insurance losses, prompting the need for improved evaluation methods. Rooftop helps insurers manage roof damage risk more effectively while streamlining the customer experience.
Summary not available.
LexisNexis Risk Solutions has partnered with Epic to enhance identity verification for healthcare providers using the MyChart patient portal. This integration aims to simplify online access for patients scheduling COVID-19 vaccinations while ensuring secure identity validation. The collaboration introduces the Instant Verify and InstantID Q&A solutions, facilitating rapid patient onboarding. As vaccination efforts accelerate, LexisNexis emphasizes the importance of balancing patient convenience with data security, supported by their extensive data linking capabilities.
Summary not available.
FAQ
What is the current stock price of Relx Plc (RELX)?
What is the market cap of Relx Plc (RELX)?
