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.
LexisNexis Risk Solutions released its Cybercrime Report for July to December 2020, revealing a shift in fraud tactics. While human-initiated attacks dropped by 184 million, bot attacks increased by 100 million. The report highlights that individuals under 25 are most susceptible to fraud, while the 75 and older group incurs the highest financial loss. Transactions processed through the Digital Identity Network rose to 47.1 billion in 2020, with a marked increase in e-commerce and financial services. The report emphasizes the need for businesses to enhance protection against evolving cyber threats.
On February 23, 2021, LexisNexis Risk Solutions released the latest Insurance Demand Meter, revealing a Q4 increase in U.S. auto insurance shopping activity and a strong finish for 2020, with an annual shop rate of 41%. Despite overall growth, new business volume rose only 3.9%, with a year-over-year growth of just 0.6%. The report noted a gap between insured and uninsured shoppers, with insured shoppers increasing by 15.1% while uninsured shoppers declined by 7.6%. The exclusive agent channel saw a 16% growth, indicating a shift in consumer behavior.
LexisNexis Risk Solutions and Accuity, both part of RELX, are merging operations to enhance financial crime compliance solutions globally. The merger aims to combine their strengths in risk management and payments, addressing the growing demand for comprehensive compliance, anti-money laundering, and KYC solutions. This strategic integration will create a major player in the compliance risk solutions market, leveraging high-value data and analytics. The combined offerings will bolster efforts against fraud across government benefit programs, with business to continue as usual during integration.
LexisNexis Risk Solutions released its Top 100 Hospice and Home Health Agencies Rankings for 2020, highlighting industry dynamics and competitive positioning.
The rankings are based on over 2.2 billion de-identified medical claims and include names like Kindred Healthcare and Amedisys. This annual report aids organizations in strategic decision-making amidst challenges like COVID-19 and growing market competition.
The report informs stakeholders on M&A opportunities and market share, crucial for fostering growth in a competitive landscape.
On February 9, 2021, LexisNexis Risk Solutions launched two new alternative credit scores, RiskView Optics and RiskView Spectrum. These scores utilize a comprehensive view of consumer credit risk to enhance financial inclusion, effectively scoring over 90% of applicants without traditional credit scores. RiskView Optics combines non-credit life events with alternative credit inquiry data, while RiskView Spectrum integrates this with traditional credit data. The new tools aim to improve creditworthiness assessments, allowing lenders to offer competitive terms and reduce risk exposure.
LexisNexis Risk Solutions published its 2020 State of Fraud report, outlining significant trends in fraud due to the COVID-19 pandemic. The report indicates a 42% year-over-year increase in digital transactions in the U.S. and Canada, with mobile transactions constituting 60%. The rise in fraud methods includes synthetic identities and identity fraud rings, complicating identity verification. Notably, 45% of U.S. consumers have experienced data breaches, fueling fraudulent activities. Organizations are advised to adopt comprehensive strategies to combat these evolving threats as fraud attempts are expected to persist in 2021.
LexisNexis Risk Solutions has launched LexisNexis Rooftop, a cutting-edge risk assessment tool for home insurance carriers that incorporates aerial imagery, weather data, and claims history. This innovative tool allows insurers to enhance underwriting decisions by providing detailed roof insights at the time of quoting and renewing policies. The Home Trends Report indicates that wind and hail claims comprise nearly half of home insurance losses, prompting the need for improved evaluation methods. Rooftop helps insurers manage roof damage risk more effectively while streamlining the customer experience.
LexisNexis Risk Solutions has partnered with Epic to enhance identity verification for healthcare providers using the MyChart patient portal. This integration aims to simplify online access for patients scheduling COVID-19 vaccinations while ensuring secure identity validation. The collaboration introduces the Instant Verify and InstantID Q&A solutions, facilitating rapid patient onboarding. As vaccination efforts accelerate, LexisNexis emphasizes the importance of balancing patient convenience with data security, supported by their extensive data linking capabilities.
FAQ
What is the current stock price of RELX PLC (RELX)?
What is the market cap of RELX PLC (RELX)?
What does RELX PLC do?
Where is RELX PLC headquartered?
What are the core business segments of RELX PLC?
What is LexisNexis Flyreel?
How much revenue does RELX generate in North America?
What recent achievements has RELX made in the packaging industry?
How did LexisNexis Risk Solutions perform in Javelin Strategy & Research's 2024 report?
What percentage of RELX's revenue comes from Europe?
What are some of the key features of LexisNexis Flyreel for commercial insurers?
Where can I find more information about RELX PLC?
