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.
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On Oct. 22, 2020, LexisNexis Risk Solutions and Arturo announced a strategic partnership to enhance property insurance underwriting in the U.S. This collaboration merges LexisNexis's extensive claims and weather data with Arturo's AI-driven aerial imagery analytics. This innovative approach aims to provide insurers with a comprehensive understanding of roof conditions, enabling better policy decisions. The partnership addresses rising roof-related claims while improving efficiency and accuracy in property assessments.
LexisNexis Risk Solutions released its 2020 True Cost of Financial Crime Compliance Study, revealing a sharp rise in compliance costs, projected at $42 billion across U.S. and Canadian financial institutions, a 33% increase from $31.5 billion in 2019. The COVID-19 pandemic has exacerbated compliance challenges, driving up costs by an average of 23% due to remote work and increased manual processes. However, firms investing in technology solutions see reduced cost increases and enhanced efficiencies. The study surveyed 150 decision-makers overseeing compliance processes.
The Health Care business of LexisNexis Risk Solutions has announced key leadership changes with the appointment of Dave Corbett as head of Sales and Client Engagement and the promotion of Jeff Diamond to senior vice president of Commercial Operations. Corbett brings extensive experience from his previous role at Optum/United Health Group, while Diamond has been with the company for over 12 years. These changes aim to enhance sales growth and operational efficiency, positioning the company to deliver greater value and innovation in health care data and analytics.
On October 20, 2020, LexisNexis Risk Solutions released its 2020 Home Trends Report, revealing a significant decrease in U.S. home insurance catastrophe claims and loss costs in 2019. Catastrophe claims fell by 32% and all-peril loss costs dropped by 13%, with 90% of losses attributed to hail and wind. Notably, Texas reported the highest distribution of claims. Despite these positive trends, the report warns that 2020 may be less favorable due to increased wildfire and hurricane activities. The report emphasizes the need for precise data to improve risk assessment and underwriting decisions.
LexisNexis Coplogic Solutions has launched Coplogic Ethos, a cloud-based platform designed to streamline crash and citation reporting for law enforcement agencies. This platform enables agencies to eliminate manual processes, allowing for quicker responses to evolving demands. Coplogic Ethos offers a low-code/no-code interface, empowering users to create forms easily. The initial rollout will cover eight states, starting with Colorado and New Mexico. This innovation aims to enhance efficiency, reduce errors, and promote community engagement.
Michael Breslin, Strategic Client Relations Director at LexisNexis Risk Solutions, has been appointed to the U.S. Secret Service's newly formed Cyber Investigations Advisory Board (CIAB). This board will support the agency's investigations team by providing strategic insights into cybercrime trends and investigative techniques. Breslin brings 23 years of federal law enforcement experience, particularly in cyber and financial crime. This collaboration aims to bolster defenses against increasing COVID-19 related identity thefts and fraud schemes.
