RELX PLC - RELX STOCK NEWS

The LexisNexis Insurance Demand Meter indicates U.S. auto insurance shopping activity rose by 2.9% year-over-year in Q1 2024, down from 4.7% in the previous quarter.

New policy growth was strong, showing an 8.7% year-over-year increase. Consumers continue to switch insurers, with 42% of insured households shopping in the past year.

Consumers loyal for over 10 years now make up 24% of shoppers. Older shoppers and tax refunds contributed to higher shopping rates during Q1 2024. Insurers are recommended to enhance retention strategies to maintain profitability, especially with a potential slowdown in Q2 2024.

Fewer large rate increases may change traditional shopping behaviors, and insurers focusing on acquiring and retaining profitable business could gain market share.

LexisNexis Risk Solutions has been recognized as a Category Leader in both Transaction Screening and Adverse Media quadrants by Chartis Research in its 2024 report. The evaluation included 36 transaction screening solutions providers and 30 adverse media monitoring solutions providers. LexisNexis Risk Solutions’ Firco™ Continuity, a real-time transaction screening tool, ensures regulatory compliance and was highlighted for its comprehensive capabilities. The WorldCompliance™ Data product, which aggregates information from over 30,000 sources, was also acknowledged for its efficacy in profiling entities involved in illicit activities. These recognitions highlight the company's commitment to delivering critical data and insights to mitigate regulatory and reputational risks for its clients.

LexisNexis Health Equity and Inclusion Insights has been awarded the 'Best Healthcare Big Data Solution' in the 8th Annual MedTech Breakthrough Awards program. The solution provides actionable data on social drivers of health, helping healthcare providers and researchers understand patients' environments and integrate insights into care plans. This recognition highlights the impact of the solution in improving care access and outcomes for underserved populations.

WEPACK 2024, organized by RX (China), successfully concluded, showcasing the global packaging industry's vitality with 1200+ exhibitors, 57,876 visitors, and 50 conferences. The event witnessed international appeal, collaborations, and future bookings for WEPACK 2025.

The seventh edition of the LexisNexis True Cost of Fraud Study reveals a 9% year-over-year increase in fraud impact for U.S. investment firms and credit lenders. Scams make up 35% of fraud losses in North America, affecting consumer trust. Canadian financial firms face a 28% increase in fraud losses compared to the previous year, with a Fraud Multiplier value of $4.45 in 2023. The study emphasizes the need for multi-layered fraud prevention strategies to combat evolving fraud threats.

XpertHR rebrands to Brightmine, offering HR leaders data-driven insights through AI and human expertise to improve business outcomes. The company aims to support HR leaders in navigating complex workforce conditions and global economic uncertainty.

LexisNexis Risk Solutions introduces proactive claims insights with Claims Datafill for insurance carriers

LexisNexis Risk Solutions is recognized as a Luminary in the Financial Crime Compliance Technology report by Celent for its industry-standard sanction screening solution, Firco Continuity, with enhanced scalability and cloud deployment capabilities.

The LexisNexis® True Cost of Fraud™ Study: Ecommerce and Retail Report reveals that 60% of ecommerce merchants and 53% of retailers experienced a rise in fraud levels. Digital channels contribute to over half of fraud losses. Merchants in the U.S. and Canada face an average cost of $3.00 for every $1 of fraud. Ecommerce sees 40% more fraudulent transactions than brick-and-mortar. Fraud impacts fines, fees, and customer conversion rates.