RELX PLC - RELX STOCK NEWS

LexisNexis Risk Solutions and Forrester Consulting conducted research revealing the growing importance of identity verification (IDV) and authentication solutions in a post-pandemic environment. The study indicates that 64% of respondents agree that the pandemic heightened the significance of these processes, with 71% prioritizing customer experience. Furthermore, 86% plan to enhance their IDV processes within a year. Key recommendations include employing a mix of technologies to improve fraud protection and consistently measuring machine learning model effectiveness to optimize customer interactions.

Cirium has re-launched its On-Time Performance Report, marking a significant return for the aviation sector as flight volumes increase globally. In May 2021, Japan Airlines, Hawaiian Airlines, Red Wings, and Avianca were recognized as the most punctual airlines in their regions. Tokyo's Haneda Airport achieved the highest on-time performance globally. The report, which assesses punctuality based on over 300 terabytes of data, indicates a positive trend in airline and airport performance since its suspension during the COVID-19 pandemic.

LexisNexis® Risk Solutions has launched its Emailage® product for the insurance market in the U.S., enhancing risk assessment through email intelligence. This solution aims to combat insurance fraud by providing an email risk score that identifies potential fraudulent activity. The product leverages over 5.9 billion digital identifiers, improving fraud capture rates by 42%, reducing manual review volumes by 27%, and increasing acceptance rates of transactions by 16%. It is part of a broader strategy to streamline online transactions while safeguarding against cyber threats.

LexisNexis Risk Solutions, a subsidiary of RELX, received the Judge's Choice award for the Best Identity Verification/Authentication Solution at the 2021 CNP Awards. This award recognizes companies that effectively authenticate cardholders in digital environments. With a focus on enhancing consumer trust, LexisNexis employs advanced identity verification technologies that include biometric assessments and digital risk evaluations. The win marks their second consecutive year of recognition in this category, highlighting their leadership in combating digital fraud.

LexisNexis Risk Solutions has released its Q1 2021 Insurance Demand Meter, indicating a year-over-year new business growth rate exceeding 7%. Despite challenges from Winter Storm Uri and delayed tax returns in February, March showed a promising recovery with a 27.8% increase in shopping volume. The overall growth for Q1 remained strong, marking a significant rebound from pandemic-related declines. The report underscores the importance of insurers adapting to the resurgence in shopping behavior as the economy reopens.

LexisNexis Risk Solutions has initiated a collaboration with Carrot Health to enhance population health management through the integration of social determinants of health (SDOH) data. This partnership allows Carrot Health to utilize clinically-validated SDOH attributes from LexisNexis within its analytics platform, targeting improved member engagement and health outcomes. The upgraded system aims to reduce healthcare costs and prevent hospital readmissions by offering insights derived from extensive consumer and healthcare data. Both companies emphasize their commitment to addressing health inequities through data-driven strategies.

LexisNexis Risk Solutions has launched the Attract for Commercial Insurance platform, enhancing insurance risk evaluation for small and micro businesses. This model incorporates business credit data from the Small Business Financial Exchange (SBFE), achieving an average 82% scorable rate on businesses. By integrating unique financial insights, insurers can better assess loss propensity and provide accurate policy pricing. The platform aims to address the impact of COVID-19 on small businesses and improve underwriting practices for commercial insurers.