Latest news with #AffinitySolutions
Business Wire
23-06-2025
- Automotive
- Business Wire
Credit Union Members Are More Likely to Have Ancillary Insurance Protections for Their Prized Purchases, Study Finds
ST. PAUL, Minn.--(BUSINESS WIRE)--Credit union members are more likely than non-credit union members to have ancillary insurance protections—roadside assistance, vehicle and property protection, extended warranties, etc.—for their high-value purchases, according to a new study. Securian Financial, a provider of insurance and other protection products to credit unions, surveyed just over 1,000 consumers, of which 59% (616) were credit union members and 41% (420) were not. On all 15 ancillary insurance protections asked about in the survey, more credit union members than non-credit union members said they owned the coverage—with vehicle-related protections the most commonly owned by both consumer segments, followed by protections for personal property. 'Our study found that consumers prioritize protections for expensive items like their vehicles, cell phones and big-ticket household goods because they fear the potential financial loss of costly repairs,' said Matt Bauler, Securian Financial vice president of Affinity Solutions. 'Perhaps not surprisingly, due to the strong relationships credit unions have with their members, our study found credit union members are more likely than non-credit union members—often much more likely—to own insurance and related products that financially protect their purchases.' Top 5 most-owned ancillary insurance protections #1 Roadside assistance All respondents: 53% Credit union members: 60% Non-credit union members: 41% #2 Vehicle protection 1 All respondents: 43% Credit union members: 51% Non-credit union members: 30% #3 Accident insurance 2 All respondents: 41% Credit union members: 48% Non-credit union members: 31% #4 Cell phone insurance All respondents: 40% Credit union members: 43% Non-credit union members: 34% #5 Property protection 3 All respondents: 38% Credit union members: 47% Non-credit union members: 25% Role these protections play with financial wellness and in a tough economy Consumers associate financial wellness with stability and lack of worry when it comes to money—and many view insurance protections as key to achieving it. Nearly two-thirds (63%) of survey respondents said they typically protect large purchases with insurance or warranties. Again, more credit union members (69%) said this than non-credit union members (56%). But, while consumers may see how ancillary protections support their financial wellness, the current economic climate limits their ability to protect everything in their lives that they would like to cover. More than half (51%) of non-credit unions members and 43% of credit union members said in the survey that insurance protections are not a priority for them right now due to the economic climate squeezing their finances. Younger generations most interested Still, according to the survey, there is interest in learning more about ancillary insurance protections, especially among younger credit union members. More than half of Generation Z and Millennial credit union members surveyed said they were very or extremely interested in several ancillary insurance protection products mentioned in the study. Vehicle protection scored particularly high, with 71% of Generation Z and 64% of Millennial credit unions members saying they were very or extremely interested in learning more about the product. The most desired insurance protections Millennial survey respondents said they don't have but wish they did are identity theft protection, term life insurance and accident insurance. For Generation Z, cell phone insurance, vehicle protection and identity theft protection are the top three most desired protections they currently are without. 'Even in this tough economic environment, our study shows credit unions can grow their ancillary insurance revenue by meeting the needs of their younger members who want to better protect their financial security,' said Bauler. 'Credit unions should emphasize the peace of mind these products may offer and use real-life member stories when communicating about the protections with their younger members.' A go-to provider for credit unions Securian Financial's Affinity Solutions business is a go-to provider of insurance and other protection products to thousands of credit unions in the United States and Canada. Securian Financial offers a diverse portfolio of specialty property & casualty, life, accident and supplemental health product options—all backed by customized solutions and exceptional service. ABOUT SECURIAN FINANCIAL To be confident in your financial future, you need to trust the strength and commitment of the companies you choose to work with. For more than 140 years, the Securian Financial family of companies has been developing innovative insurance and retirement solutions to meet the evolving needs of individuals, families and businesses. Offered through partnerships with employers, financial professionals and affinity groups, our products help bring peace of mind to more than 23 million customers throughout the United States and Canada. We are trusted by our partners and customers to fulfill our purpose of helping to build secure tomorrows. For more information about Securian Financial, visit or follow us on Facebook, Instagram or LinkedIn. Securian Financial's Ancillary Protections for Financial Well-Being Survey 2025. Survey conducted Jan. 30 to Feb. 6, 2025. Survey participants were compensated for their participation. 1. Protects consumers for the costs related to the repairs of covered vehicle product components not otherwise covered by an underlying warranty. 2. Provides a lump-sum benefit to the insured or a family member if they seek treatment to recover after an unexpected accident covered under the policy. Commonly covered events include broken bones, burns, trips to the emergency room and organized sports injuries. The insured can use the money to cover immediate medical expenses, lost income or however they wish. 3. Reduces or pays off the insured's balance on a loan if the property is damaged or destroyed by a covered peril. Personal property protection is available on a single or dual interest basis and protects collateralized property such as furniture, appliances and other household goods. Single interest vehicle coverage provides physical damage coverage on private passenger vehicles for personal use for loss or damage caused by fire, theft or collision. Securian Financial is the marketing name for Securian Financial Group, Inc., and its subsidiaries. Insurance products are issued by its subsidiary insurance companies, including Minnesota Life Insurance Company and Securian Life Insurance Company, a New York authorized insurer. DOFU 6-2025 4564151
Martechvibe
17-06-2025
- Business
- Martechvibe
Innovid Launches InnovidXP with Affinity Solutions Tie‑in
InnovidXP shifts the focus from general engagement metrics to purchase data, helping marketers make informed decisions and improve campaign effectiveness by tracking touchpoints through to conversion. Topics News Share Share Innovid Launches InnovidXP with Affinity Solutions Tie‑in Whatsapp Linkedin Innovid has announced the launch of purchase attribution within the InnovidXP measurement platform. Marketers can now measure and optimise ad performance based on sales lift, ROAS, and incrementality – tied to billions of in-store and online purchase transactions – all without placing a single pixel. This update enables marketers to directly connect converged TV ad exposures across direct IO, programmatic, live sports buys, and more, wherever the outcome may occur. Affinity Solutions is the first of several anticipated partners to support InnovidXP's expansion into additional sales-based performance metrics. This privacy-safe integration establishes InnovidXP as the go-to independent measurement platform, providing granular visibility across creatives, publishers, placements, DMAs, and more – empowering marketers to move beyond clicks and impressions to focus on what really matters: the purchase. By tracking each campaign touchpoint through to conversion, InnovidXP shifts the focus from general engagement metrics to actual purchase data, helping marketers make informed decisions and improve campaign effectiveness. 'As advertisers push for greater accountability and optimisation in their media investments, it's no longer enough to measure what's easy; they need to measure what matters,' said Christopher Murphy, Senior Vice President, Strategy & Business Development, Innovid. 'By integrating Affinity Solutions' industry-leading dataset into InnovidXP, we're giving marketers the ability to prove and improve the real-world business impact of every ad dollar spent.' ALSO READ: Drawing from 18 billion annual credit and debit card transactions from over 95 million consumers, Affinity Solutions' dataset provides Innovid with the scale and accuracy to measure detailed campaign outcomes. While any brand vertical can now immediately benefit from turnkey outcomes attribution without needing to wait for site or app pixel placement, Innovid's new offering is especially valuable for categories where offline and in-store conversion remains essential, including quick-service restaurants (QSRs), retail, automotive, grocery, and hospitality. Advertising agency, PMG, has already leveraged InnovidXP's new pixel-less purchase outcomes offering, powered by Affinity Solutions, to measure the impact of a QSR campaign. 'With this expanded view, we were able to pinpoint exactly what was working and adjust strategy mid-flight to maximise business impact,' said Mike Treon, Head of CTV & Strategy, PMG. The addition of offline outcomes further strengthens InnovidXP's already robust data ecosystem, which includes source-direct, MRC-accredited digital impression data from the Innovid ad server, integrations with leading app platforms, demographic data providers, and more. 'Marketers are under increasing pressure to connect media exposure to real business outcomes,' said Ken Barbieri, Senior Vice President, Business Development, Affinity Solutions. 'Through our partnership with Innovid, marketers can now link TV campaigns to actual consumer purchases – online and in-store – with a level of precision and speed that empowers smarter decisions and stronger results.' 'We are proud to bring our dataset to InnovidXP to help brands and agencies close the loop on measurement and optimisation.' ALSO READ:
Yahoo
16-06-2025
- Business
- Yahoo
US clothing sales climb in May despite less pre-tariff stockpiling
The CNBC/NRF Retail Monitor data revealed sales in US clothing and accessory stores grew by 0.67% in May 2025, after adjusting for seasonal variations. This sector experienced a 3.21% increase over the same month last year, without seasonal adjustments, though this is a decrease from the 5.14% year-on-year growth observed in April 2025. NRF president and CEO Matthew Shay said: 'The data for May indicates that the pull-forward in consumer demand ahead of tariffs is likely dissipating. While momentum remains, the nature of consumer spending is shifting as economic uncertainty increases. Consumer fundamentals haven't been damaged yet, and a slowing-but-still-growing job market is supporting household priorities ahead of any meaningful price increases in the coming months.' The Retail Monitor, which is powered by Affinity Solutions shows that overall retail sales, with the exclusion of automobiles and gasoline, increased by 0.49% after seasonal adjustment from the previous month and saw a 4.44% unadjusted increase compared to last year's figures for May. These figures are slightly down from April's increases of 0.72% month over month and 6.76% year over year. Core retail sales, which exclude restaurants as well as automobile dealers and gasoline stations, rose by 0.23% from the previous month in May and saw a yearly increase of 4.2%. This is contrasted with April's higher increases of 0.9% month over month and 7.11% year over year. For the first five months of the year, total sales have risen by 4.95% compared to the previous year, while core sales have seen a 5.24% increase. On an annual basis, May sales increased in seven out of nine categories, with digital products, sporting goods stores, and general merchandise stores leading the growth. On a monthly basis, six categories reported increases. Sales in sporting goods, hobby, music, and bookstores saw a seasonally adjusted monthly rise of 0.42% and an unadjusted annual increase of 8.21%. Conversely, furniture and home furnishings stores experienced a 0.24% decrease on a monthly basis and declined 0.1% annually, once seasonally adjusted. The latest Global Port Tracker released last month by the NRF and Hackett Associates revealed that US container ports are expected to see heightened cargo imports in upcoming months due to retailers planning to take advantage of a temporary 90-day reduction on tariffs for goods imported from China. "US clothing sales climb in May despite less pre-tariff stockpiling" was originally created and published by Just Style, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Fibre2Fashion
16-06-2025
- Business
- Fibre2Fashion
US retail sales growth slows in May amid tariff uncertainty: NRF
Total retail sales excluding autos and fuel increased 0.49 per cent month over month and 4.44 per cent year over year in May, compared to April's stronger gains of 0.72 per cent and 6.76 per cent, respectively, as consumers pulled back ahead of expected tariffs, according to the latest CNBC/NRF Retail Monitor powered by Affinity Solutions. Clothing and accessories stores also saw healthy performance, rising 0.67 per cent month over month and 3.21 per cent year over year. US retail sales rose 0.49 per cent month over month and 4.44 per cent year over year in May, slowing from April's stronger pace, as consumers eased spending ahead of expected tariffs. Core retail sales grew 0.23 per cent monthly and 4.2 per cent annually. Digital products surged 28.04 per cent year over year, while clothing rose 3.21 per cent. Year-to-date sales remain robust. Core retail sales—which exclude restaurants, automobile dealers, and fuel—rose 0.23 per cent month over month and 4.2 per cent year over year, down from April's respective growth rates of 0.9 per cent and 7.11 per cent, the National Retail Federation (NRF) said in a media release. Among individual segments, digital products led with a sharp 1.81 per cent monthly gain and a substantial 28.04 per cent year-over-year increase. In contrast, furniture and home furnishings posted a 0.24 per cent monthly decline and were down 0.1 per cent from a year earlier. For the first five months of 2025, total retail sales rose 4.95 per cent year over year, while core sales increased 5.24 per cent. 'The data for May indicates that the pull-forward in consumer demand ahead of tariffs is likely dissipating,' NRF president and CEO Matthew Shay said. 'While momentum remains, the nature of consumer spending is shifting as economic uncertainty increases. Consumer fundamentals haven't been damaged yet, and a slowing-but-still-growing job market is supporting household priorities ahead of any meaningful price increases in the coming months.' Fibre2Fashion News Desk (KD)
Yahoo
16-06-2025
- Business
- Yahoo
US retail growth softens as tariff fears fade
Retail sales in the United States continued to grow in May, although the pace of spending eased compared to previous months, according to the latest CNBC/NRF Retail Monitor powered by Affinity Solutions. The data, based on actual consumer card transactions rather than surveys, shows a shift in consumer behaviour amid increasing economic uncertainty and ahead of potential tariff-related price hikes. Total retail sales, excluding automobiles and fuel, rose by 0.49% on a seasonally adjusted basis in May, a slower rate than April's 0.72% increase. On a year-over-year basis, unadjusted sales grew by 4.44%, down from April's 6.76%. Core retail sales—which also exclude restaurants—were up 0.23% month over month and 4.2% year over year. In contrast, April saw stronger gains of 0.9% monthly and 7.11% annually. Despite the slower momentum, retail sales have maintained a positive trajectory, with total sales up 4.95% year to date and core sales rising by 5.24%. This suggests that while spending habits are shifting, overall consumer demand remains resilient. National Retail Federation President and CEO Matthew Shay noted that the earlier increase in spending driven by concerns over tariffs now appears to be levelling out. 'The data for May indicates that the pull-forward in consumer demand ahead of tariffs is likely dissipating,' he said. Shay added that although the economy faces uncertainties, a still-growing job market is helping households manage their spending priorities. The slight cooling in retail sales comes as inflation pressures persist and interest rates remain elevated. Nevertheless, consumer fundamentals such as employment and wage growth continue to provide underlying support for spending. Retail categories showed mixed performance in May, with seven out of nine sectors reporting year-over-year gains. Digital products experienced the most notable growth, rising by 28.04% annually and 1.81% monthly. Sporting goods, hobby, music, and book stores also performed well, up 8.21% year over year and 0.42% month over month. General merchandise stores saw increases of 4.63% annually and 0.4% monthly. Grocery and beverage retailers recorded a 4.53% year-on-year gain and a 0.46% monthly rise, while health and personal care shops rose by 3.85% and 0.06%, respectively. Clothing and accessory sales were up 3.21% compared to last year, with a monthly gain of 0.67%. In contrast, electronics and appliance stores fell by 1.98% month over month, although they were still up 2.58% annually. Some sectors experienced outright declines. Furniture and home furnishings were down 0.24% monthly and 0.1% annually. Building and garden supply stores saw the steepest drop, falling 2.3% from April and 7.31% from May last year. Unlike traditional estimates from the US Census Bureau, which rely on survey responses and are subject to revisions, the Retail Monitor uses anonymised credit and debit card data from Affinity Solutions. This allows for more immediate and consistent tracking of consumer spending trends. The results for May suggest that while consumers are becoming more selective, they are not pulling back entirely. Retailers will be watching closely in the coming months as the effects of tariffs, inflation, and interest rates continue to shape purchasing patterns. Navigate the shifting tariff landscape with real-time data and market-leading analysis. Request a free demo for GlobalData's Strategic Intelligence . "US retail growth softens as tariff fears fade" was originally created and published by Retail Insight Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
