Relx Plc - RELX STOCK NEWS

LexisNexis Risk Solutions reports continued strong growth in U.S. auto insurance shopping, with an 18% increase in consumer shopping in 2024 compared to 2023. The Q4 2024 showed a 26% increase in shopping activity, while new policy growth reached 17.7%. 45% of policies-in-force were shopped at least once in the last 12 months as of December 31, 2024.

The market saw a notable trend shift in late 2024, with shopping growth outpacing new business as carriers implemented rate increases across multiple states. New York and Hawaii emerged as outliers, showing below-average performance. The holiday season witnessed a larger-than-usual drop in new policies, attributed to increased rate parity across carriers limiting consumers' ability to find lower rates.

Looking ahead to 2025, insurers face challenges from recent natural disasters, including Southern California wildfires and winter storms, which may lead to further rate increases. Marketing and pricing strategies are becoming important differentiators for insurers balancing customer acquisition and retention.

WEPACK 2025, organized by RX, announces an 'Overseas Packaging Enterprises' Business Study Tour to China' from April 6-13, 2025. The event highlights China's significant 23% share of the global packaging market, with sales revenue of $266.1 billion.

The tour features six customized routes across East, South, and North China, focusing on intelligent factories, lean management, food container processing, digital packaging, and large-format carton forming. Each route accommodates 30 participants and includes factory visits, demonstrations, forums, and networking events.

The program begins with the World Corrugated Forum in Shanghai, followed by WEPACK 2025 participation and specialized factory tours. Nearly 10,000 overseas companies from 110+ countries are expected to attend, representing various packaging sectors including corrugated boxes, folding carton boxes, printing, and food packaging.

LexisNexis Risk Solutions has announced the launch of new research-ready, real-world healthcare datasets designed to accelerate research timelines and reduce costs. The solution uses referential-based tokenization to create blended, patient-level datasets that are standardized and research-ready.

The data blends combine multiple datasets including:

• Care Delivery Insights with medical, pharmacy, and lab claims
• Financial insights on total care costs
• Social determinants of health (SDOH) factors
• Mortality Insights updated weekly

The integrated datasets provide a longitudinal view across all care settings and populations, enabling researchers to identify distinct patient populations, reduce potential biases, and support proactive monitoring of high-risk populations. This initiative aims to help research teams create more holistic and unbiased datasets to uncover health disparities and develop personalized treatments.

SinoFoldingCarton 2025, a major component of WEPACK 2025, is set to take place at the Shanghai New International Expo Center from April 8-10, 2025. The exhibition comes at a time when the global carton market is experiencing significant growth opportunities driven by the worldwide plastic reduction trend.

Organized by RX, the event will span over 14,000 square meters and feature seven series shows, bringing together more than 1,500 exhibitors from around the world. The exhibition aims to promote integration within the global folding carton industry and create new business opportunities, particularly as paper packaging gains traction as an innovative and environmentally friendly alternative to plastic packaging.

LexisNexis Risk Solutions reports that U.S. automotive brand loyalty increased to 52.6% in 2024, approaching the pre-pandemic benchmark of 54.2% from 2019. The study reveals significant shifts in consumer preferences regarding engine types.

Among 47 analyzed brands, 11 exceeded the industry average in brand loyalty, improving from nine brands in 2023. The research shows a notable transition in powertrain preferences, with internal combustion engine (ICE) loyalty dropping from 97.6% in 2019 to 85.2% in 2024. Electric vehicle loyalty experienced a slight decline from 77.7% in 2023 to 74.7% in 2024, while hybrid vehicle replacements increased by 5 percentage points to 52% in 2024.

The improved brand loyalty rates are attributed to increased inventory availability on dealer lots, offering consumers more choices compared to 2023's supply. However, vehicle affordability remains a challenge as automakers navigate rising inventories and evolving consumer preferences in the post-pandemic market.

LexisNexis Risk Solutions, part of RELX, has announced plans to acquire IDVerse, an AI-powered document authentication and fraud detection solutions provider. IDVerse's technology, launched in 2018, can verify over 16,000 types of identity documents globally and uses deep neural networks to combat fraud and deepfakes.

The acquisition will integrate IDVerse's capabilities across LexisNexis' platform, enhancing their document authentication solutions with advanced AI-powered technology. The combined solution will focus on improving fraud detection, global document authentication, and consumer protection. The transaction is expected to close in early 2025, subject to regulatory approvals.

LexisNexis Risk Solutions reports unprecedented levels of auto insurance shopping and new policy volumes in Q3 2024. Auto insurance shopping grew 31.2% year-over-year, while new policy volumes increased by 25.9%. The direct channel saw remarkable growth with 67% in shopping rates and 54% in new policies. Notable activity was observed in states like Florida (38%), Texas (33%), and Michigan (19%). Hurricane Helene temporarily impacted shopping in Florida and Georgia, though both states recovered quickly. The surge was driven by insurer-led marketing programs and rate adjustments, with 45% of U.S. policies being shopped within the past 12 months.

LexisNexis Risk Solutions reveals that banks and online retailers can significantly improve fraud detection through shared intelligence networks. A US bank improved high-risk event detection by 1700% by combining email risk with digital identity signals, while a top US card issuer enhanced detection by 23x using multiple data points. Currently, only 27% of financial services and retailers in EMEA use fraud insight exchange initiatives. Metro Bank uncovered £2.5 million in fraudulent payments within six months, achieving a 105% improvement using collaborative risk insights.

LexisNexis VitalChek Network's Permit Wizard is sponsoring the 2024 U.S. Capitol Christmas Tree journey from Alaska to Washington, D.C. The eighty-foot-tall Sitka spruce from the Tongass National Forest will be delivered to the U.S. Capitol on November 22nd. Permit Wizard is providing expert permitting services for the oversized load's transportation across multiple states, ensuring compliance with state-specific regulations. The tree will feature handmade ornaments by Alaskans and will be lit in early December, following this year's theme 'Where Nature, People, and Tradition Come Together.'