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 (RELX) is a global provider of information-based analytics and decision tools for professional and business sectors. This news hub offers investors and professionals timely updates on strategic developments across its scientific, legal, and risk management divisions.
Access curated press releases and market-moving announcements including financial results, technology partnerships, and regulatory developments. Our collection spans RELX's innovations in data analytics, event organization, and sector-specific solutions that shape industries from healthcare to corporate compliance.
Key updates cover acquisition activity, product launches, and leadership changes impacting the company's global operations. Monitor evolving trends in information services through verified reports on RELX's expansion in digital solutions and risk assessment technologies.
Bookmark this page for streamlined tracking of RELX's market position through carefully vetted news sources. Return regularly to stay informed about developments affecting one of the world's most influential analytics providers.
LexisNexis Risk Solutions announced the launch of VINsights, a new solution aimed at enhancing total loss claims management by reducing settlement times. It provides near real-time data on vehicle ownership, lienholder information, and tax details. The platform automates data aggregation, minimizes administrative errors, and improves claims accuracy. As total loss frequency rises, quick processing is vital for insurers, with over 6% of insureds switching carriers post-loss in 2020. Customers demand faster resolutions, making innovations like VINsights essential for maintaining satisfaction and retention.
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.
