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RELX PLC - RELX STOCK NEWS

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.

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LexisNexis Risk Solutions has improved its position in the 2022 Chartis Research RiskTech100, ranking 11th, up six places from the previous year. The company has also won the category for Financial Crime - Data for the fourth consecutive year, underscoring its ongoing commitment to innovation. Notable developments include a merger with Accuity and an acquisition of TruNarrative, both enhancing its risk and compliance solutions. The introduction of the Financial Crime Digital Intelligence solution further strengthens its offerings to meet the evolving demands of financial crime compliance.

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The LexisNexis Risk Solutions Insurance Demand Meter report reveals a -3.9% decline in the annual U.S. auto insurance shopping growth rate for Q3 2021, with new policy growth at a two-year low of -7.3%. This downturn follows a downward trend from earlier in the year, driven by macroeconomic factors including global microchip shortages affecting car inventory and rising used car costs. The report indicates that more consumers are staying with their current carriers, influenced by rate increases and the lifting of state moratoria on policy cancellations.

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Karlsgate has partnered with LexisNexis Risk Solutions to develop a secure identity resolution platform for the healthcare sector. This collaboration aims to enhance data sharing capabilities while ensuring patient identity protection, an essential factor due to HIPAA regulations. The zero-trust environment will ease the burdens of custom data integrations for healthcare providers. Both companies emphasize the significance of secure and efficient data handling to improve health outcomes.

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LexisNexis Risk Solutions has integrated Mitsubishi Motors North America's telematics data from the Mitsubishi Road Assist+ app into its Telematics OnDemand solution. This integration allows U.S. auto insurers to access driving behavior insights, enabling personalized insurance pricing at the point of quote. Mitsubishi vehicle owners who opt to share their data could receive immediate discounts on their premiums. This collaboration aims to enhance risk assessment for insurers and improve the overall customer experience for Mitsubishi drivers.

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Cirium, an aviation analytics company, has launched its Global Aircraft Emissions Monitor, which offers precise measurements of CO2 emissions and fuel consumption for flights worldwide. The tool tracks that fuel burn in 2021 has decreased by 40% compared to 2019 due to a 29% reduction in flights. Despite recovery in air travel, a forecast suggests that by 2039, fuel burn could reach 485 million tons, translating to 1,530 million tons of CO2 emissions. The Monitor's unique data sources enhance its accuracy, achieving 1% validation in tests.

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LexisNexis Risk Solutions released a study analyzing the impact of Advanced Driver Assistance Systems (ADAS) on U.S. auto insurance claims. Contrary to industry belief, the study found minimal changes in claim severity but significant reductions in claim frequency for vehicles equipped with ADAS. Key findings include a 23% reduction in Bodily Injury loss cost, 14% reduction in Property Damage loss cost, and 8% reduction in Collision claim loss cost. This data provides insurers the opportunity to offer discounts based on vehicle safety features, thus aligning with consumer expectations for lower insurance rates.

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The Health Care business of LexisNexis Risk Solutions has launched the LexisNexis Patient Centric Token, an innovative data de-identification technology designed to enhance patient data matching for clinical use cases. This patent-pending solution leverages a comprehensive patient referential database to solve issues of fragmented data due to changes in personal identifiers. By allowing healthcare organizations to securely connect data sets at the patient level without revealing identities, the token facilitates improved clinical research and patient care while complying with data privacy regulations.

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On November 8, 2021, LexisNexis Coplogic Solutions emphasized the critical role of data sophistication in improving traffic safety, as traffic fatalities hit a 15-year high. A survey revealed that 60% of law enforcement officials prioritize reducing fatalities to zero, yet 49% reported low data sophistication. The company offers tools like Crash Mapper to enhance data analytics for better decision-making. By advancing data collection and analysis, agencies can adopt a preventive approach to traffic safety, potentially saving lives.

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FAQ

What is the current stock price of RELX PLC (RELX)?

The current stock price of RELX PLC (RELX) is $45.47 as of December 20, 2024.

What is the market cap of RELX PLC (RELX)?

The market cap of RELX PLC (RELX) is approximately 84.4B.

What does RELX PLC do?

RELX PLC provides information-based analytics and decision tools for professional and business customers across various industries, including science, medical research, risk management, and legal sectors.

Where is RELX PLC headquartered?

RELX PLC is headquartered in London, England.

What are the core business segments of RELX PLC?

RELX's core business segments include scientific, technical, and medical information and analytics, legal information and analytics, decision-making tools, and the organization of exhibitions.

What is LexisNexis Flyreel?

LexisNexis Flyreel is an advanced property survey solution that uses AI-driven insights to help insurance carriers assess property risk more efficiently.

How much revenue does RELX generate in North America?

RELX generates around 60% of its revenue from North America.

What recent achievements has RELX made in the packaging industry?

RELX recently organized WEPACK 2024 in Shenzhen, China, showcasing innovations and developments in the global packaging industry.

How did LexisNexis Risk Solutions perform in Javelin Strategy & Research's 2024 report?

LexisNexis Risk Solutions was ranked as a Leader in Product Vitals in Javelin Strategy & Research's 2024 Authentication and Identity-Proofing Vendor Solutions Scorecard report.

What percentage of RELX's revenue comes from Europe?

Approximately 20% of RELX's revenue comes from Europe.

What are some of the key features of LexisNexis Flyreel for commercial insurers?

Key features of LexisNexis Flyreel for commercial insurers include AI-driven property insights, streamlined underwriting programs, and the elimination of manual, time-intensive processes.

Where can I find more information about RELX PLC?

You can find more information about RELX PLC on their official website at www.relx.com.

RELX PLC

NYSE:RELX

RELX Rankings

RELX Stock Data

84.35B
1.86B
4.16%
0.12%
Specialty Business Services
Industrials
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United States of America
London