RELX PLC - RELX STOCK NEWS

LexisNexis Risk Solutions released the 2022 U.S. Home Trends Report, analyzing seven years of data from 2015 to 2021. It shows that while loss costs and frequency decreased in 2021, severity rose 7%, primarily attributed to extreme weather events. Regions like Louisiana and Texas faced the highest loss costs. The report highlights significant trends such as a 329% increase in Weather-Related Water claims and a reversal in Theft peril trends, suggesting ongoing challenges for insurers in pricing and risk assessment.

LexisNexis Risk Solutions has launched the Gravitas™ Network, a real-world data hub designed to enhance clinical research and precision medicine. Leveraging advanced tokenization technology, the network integrates high-quality, de-identified data from multiple partners, enabling researchers to address health inequities and improve health outcomes. Early adopters include Truveta and Ovation, among others. The Gravitas Token ensures precise linking of patient data, facilitating comprehensive analyses of patient journeys and informing the development of effective therapies.

Vueling has entered a multi-year partnership with Cirium to enhance operational efficiencies through Cirium Sky, a data warehouse and analytics solution. This collaboration will provide Vueling access to insights from over 25 operational factors, aiming to improve flight planning and minimize delays. The initiative is crucial for recovery in the post-COVID-19 landscape, emphasizing data-driven decision-making to enhance passenger experiences and boost the airline's competitiveness. Cirium Sky consolidates data from multiple sources, offering predictive analytics to address future operational challenges.

LexisNexis Risk Solutions has released its 2022 True Cost of Financial Crime Compliance Study, revealing that compliance costs in the U.S. and Canada have risen by 13.6% to approximately $56.7 billion. The study indicates that 73% of U.S. and 86% of Canadian financial institutions reported increased costs from April 2021 to May 2022. Large U.S. firms saw costs spike by 121% since the pandemic, driven by regulatory impacts and financial crime exposure. The report highlights significant challenges in compliance operations, particularly due to increased geopolitical risks and the Anti-Money Laundering Act of 2020.

Cirium has launched Cirium Sky, a comprehensive aviation data warehouse that provides accurate CO₂ emissions data, now recognized by American Airlines and Virgin Atlantic. This platform consolidates various datasets to enhance operational efficiency and expedite decision-making for businesses in the air travel industry. It aims to support airlines and other stakeholders in reporting their ESG footprint more effectively, while addressing inconsistencies in flight emissions reporting. Cirium Sky is underpinned by partnerships with over 900 airlines and various data sources.

LexisNexis Risk Solutions released the inaugural True Cost of Fraud Study for Supplemental Nutritional Assistance Program (SNAP) agencies, revealing significant financial impacts from fraud. For every $1 lost, agencies incur $3.72 in additional costs. The rise in mobile transactions, now accounting for 15% of applications, correlates with increased fraud costs, reaching $4.40 per dollar lost for agencies with high mobile submission rates. The report highlights identity fraud, errors, and bot attacks as critical challenges faced by SNAP agencies.

ICIS has launched Europe's first hydrogen price assessments to reflect the market value of renewable electricity, supporting the development of a clean hydrogen market. This initiative aligns with the European Commission's REPowerEU plan, which aims to quadruple hydrogen supply targets by 2030. The assessments, compliant with EU standards, provide crucial pricing instruments to enable investments of up to €500 billion. They reflect the business conditions for renewable hydrogen projects and offer transparency essential for strategic investment planning.