Knoxville, TN – TIS Insurance Services, Inc., a leader in innovative insurance solutions, has announced a strategic partnership with Innovative Captive Strategies (ICS), a top 10 captive insurance company manager. This collaboration allows TIS to expand its commercial insurance solution offerings beyond the traditional insurance market.
As rising insurance premiums and volatility in the traditional insurance market continue to create challenges for business owners, many companies seek innovative strategies to escape the unstable marketplace.
“This partnership gives us the ability to offer a more tailored, stable, long-term insurance option to our clients,” said Stuart Oakes, President, TIS Construction Division. “By teaming up with ICS, we can position our clients to not only have more control over their risk management and escape the volatility of the traditional market, but also open the door to share in underwriting profit. For over a decade, decreasing Workers’ Compensation rates in Tennessee have enabled the standard market to remain competitive and be the best solution for most employers. However, we predict a shift in the Workers’ Comp space over the next few years, which will make the group captive model an attractive option.”
Why ICS?
Spencer Nelson, Commercial Client Executive at TIS Insurance Services, emphasized the significance of the partnership, drawing on his five years of experience in captive insurance: “Captive insurance is the answer for many business owners who are frustrated paying substantial premiums at a 100% business expense. A captive insurance program offers an opportunity for qualified owners to have their insurance work for them as a profit center. With ICS as our partner, we’re equipping our clients with the tools they need to take control of their risk management programs and create stability in an unpredictable market.”
Spencer’s specialized knowledge and hands-on experience with captives positions him as a vital resource for TIS clients exploring alternative risk solutions.
Innovating Risk Management Solutions
Through this partnership, TIS clients will gain enhanced access to captive insurance programs specifically designed to address the unique needs of businesses across industries. These innovative solutions offer businesses an effective way to navigate rising costs while maintaining robust risk protection.
About Innovative Captive Strategies (ICS)
Innovative Captive Strategies is a captive insurance consultant, specializing in alternative solutions that enhance control, stability, and opportunity in health, property and casualty insurance. Since its founding in 1999, ICS has created captives with a dedicated model by selecting best-in-class companies of highly vetted members, resulting in higher engagement and more control. Instead of renting insurance from a large carrier, our clients take control and own insurance. YourCaptive.com
About TIS Insurance Services Founded in 1945, TIS Insurance Services is one of the largest independent, privately-owned insurance agencies in the Southeast, offering coverage solutions across personal insurance, commercial risk management, and employee benefits. With a client-first philosophy and a team of experienced professionals, TIS delivers tailored risk management and employee benefits strategies that help businesses and individuals protect what matters most. Headquartered in Knoxville, Tennessee, TIS is recognized for its industry expertise and dedication to innovation. Learn more at www.tisins.com.
For media inquiries, please contact:
Stuart Oakes
President, TIS Construction Division
Phone: (865) 824-3797
Email: sfoakes@tisins.com
