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.
RELX PLC (LSE: REL, NYSE: RELX) is a British multinational information and analytics company headquartered in London, England. As a global provider of information-based analytics and decision tools, RELX caters to professional and business customers across various industries. The company's core operations span scientific, technical, and medical information and analytics, legal information and analytics, decision-making tools, and the organization of exhibitions.
One of RELX's key business segments includes LexisNexis Risk Solutions, which recently announced the availability of LexisNexis® Flyreel® for the commercial insurance market. This advanced property survey solution utilizes AI-driven insights to help carriers assess property risk efficiently. The solution has already gained momentum in the home insurance market and is now expanding into commercial property insurance, helping carriers streamline underwriting programs through AI-enabled automation.
RELX has a significant presence in North America, generating around 60% of its revenue from the region. Europe contributes approximately 20% to the company's revenue. The company's impact extends to organizing large-scale digital and face-to-face events such as industry trade shows, exemplified by recent events like WEPACK 2024, a major packaging industry exhibition held in Shenzhen, China.
RELX continues to innovate in various fields, as highlighted by LexisNexis Risk Solutions' ranking as a leader in Product Vitals in Javelin Strategy & Research's 2024 Authentication and Identity-Proofing Vendor Solutions Scorecard report. Additionally, RELX's commitment to the packaging industry is evident through its organization of events like WEPACK, which showcases global packaging industry innovations.
Financially, RELX maintains a robust balance sheet, supported by its diverse and stable revenue streams. The company's ongoing projects and strategic partnerships are aimed at driving growth and maintaining its leadership position in information and analytics.
For more information, visit the RELX website.
The LexisNexis Risk Solutions Insurance Demand Meter reveals a 5.2% decrease in the annual U.S. auto insurance shopping growth rate for Q4 2021, down from 3.9% in Q3 2021. New policy growth for the quarter was -6.9% compared to Q4 2020, slightly improving from -7.3% in the previous quarter. Insurers have responded to declines by cutting marketing efforts and focusing on rate increases to improve profitability amid rising claims costs.
Looking ahead, volatility in vehicle and insurance shopping may continue due to ongoing challenges, including automotive chip shortages.
LexisNexis Risk Solutions has announced a collaboration with Ohio State University Wexner Medical Center to enhance healthcare services in underserved communities. The partnership will leverage comprehensive claims data to better understand patient needs across urban and rural Ohio. The data analytics team will utilize LexisNexis MarketView to analyze service demand and improve service delivery. This collaboration aims to address gaps in healthcare coverage and improve health equity in the state, as stated by both Susan White and Jeff Diamond.
Aireon has partnered with Cirium to enhance aviation data analytics. This collaboration enables Cirium to access AireonSTREAM, the only global source of ATS surveillance data, providing precise global data for air traffic stakeholders. In exchange, Aireon will utilize Cirium's comprehensive flight status data, including real-time flight information and schedules. Together, they aim to improve operational efficiency and decision-making in the aviation industry, offering the most complete gate-to-gate flight data available.
Cirium has announced a long-term partnership with Aireon to integrate their aviation data systems. This collaboration aims to enhance flight tracking accuracy, providing real-time data on take-off and landing times, aircraft utilization, and carbon emissions. The integration is expected to significantly improve the quality of flight coverage, particularly in regions such as China, the Middle East, and Asia Pacific. Starting March 2022, Cirium will leverage Aireon’s comprehensive flight tracking capabilities, creating a unique data set that will benefit various stakeholders in the aviation industry.
LexisNexis Risk Solutions has launched LexID® for Insurance, designed to help U.S. insurance carriers link and connect disparate customer records. Utilizing proprietary linking technology and over 35 years of referential data, LexID creates a unified customer view, enhancing data accuracy and enabling personalized service. As insurers transition to a customer-centric approach, effective customer data management (CDM) is vital for competitiveness and compliance with evolving privacy laws. This solution aims to reduce inefficiencies, boost profitability, and improve customer experience.
Cirium's On-Time Performance Review 2021 highlights that December was the busiest month for flights, totaling 2.43 million. However, a significant 59,240 flights were canceled globally from December 24, 2021, to January 3, 2022, marking the highest cancellations for December in a decade. The surge in cancellations, including 20,500 in the first three days of the new year, was driven by the Omicron variant and operational challenges. American Airlines, the leading carrier with 1.85 million flights, faced challenges with on-time performance at 80.47%.
Cirium's 2021 Fleet Forecast predicts that
LexisNexis Risk Solutions and Shift Technology have announced a strategic alliance aimed at enhancing fraud detection and risk management in the insurance industry. This partnership allows insurance carriers to integrate LexisNexis Claims Clarity data into Shift's AI-driven decision models, improving the prediction of fraud and risk at the first notice of loss. Insurers can fast-track over 80% of claims with high confidence, resulting in enhanced efficiency and customer satisfaction. The collaboration seeks to address the industry's shift to real-time data processing for better decision-making.