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.
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LexisNexis Risk Solutions and ExamOne have formed a strategic partnership to enhance life insurance underwriting through a next-generation mortality model. This collaboration enables insurers to swiftly process applications, combining data from LexisNexis' Risk Classifier with ExamOne's laboratory and prescription history data. By integrating these datasets, insurers can efficiently evaluate risk, reduce expenses, and expedite the issuance of policies while adhering to legal and regulatory standards. This innovation aims to meet growing consumer demands for faster application processes.
LexisNexis Risk Solutions announced the launch of the LexisNexis ID Compass Platform, a multi-layered identity access management (IAM) solution aimed at assisting insurance carriers in mitigating identity risks. The platform integrates physical and digital intelligence to enhance consumer experience while reducing fraud. It utilizes proprietary linking technology to manage information for over 282 million U.S. identities and analyzes transactions in near real-time. This suite of IAM solutions empowers insurers to secure online interactions without compromising customer experience.
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LexisNexis Risk Solutions released its biannual Cybercrime Report for January to June 2020, noting significant changes due to the COVID-19 pandemic. While overall global attack volumes declined, transaction volumes rose by 37% to over 22.5 billion, with 66% from mobile devices. The U.S. saw a 33% decrease in human-initiated attacks but remains a hub for automated bot attacks, impacting mainly financial services and media industries. The report highlights a networked fraud expediting $27.9 million in losses across several retailers, emphasizing the evolving cyber threat landscape.
LexisNexis Risk Solutions released a study examining U.S. consumer auto insurance shopping behavior. The survey, involving over 2,000 policyholders, found that 74% want more communication from their insurers beyond renewal notices. Despite this, only 46% reported any outreach from their carriers during the policy term. Key insights suggest that policyholders prefer email communication, with 90% favoring it. Additionally, knowing major life events could enhance engagement, as half of those affected by such events reconsidered their insurance choices. The study emphasizes the need for insurers to tailor their outreach strategies to retain customers.
On August 24, 2020, LexisNexis Risk Solutions appointed Jay Sultan as vice president of strategy for its healthcare division. Sultan, a seasoned expert with over 20 years in healthcare IT and analytics, will oversee strategy development and partnerships aimed at scaling the business. He has previously advised numerous health plans and delivery systems and held leadership roles at major firms including Cognizant and TriZetto. Sultan emphasized the potential of LexisNexis's data resources to transform the healthcare landscape.
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