OSC

What OSC does

OSC Insurance Services (legal name Overby-Seawell Co.) is a U.S. wholesale insurance broker, program manager, and managing general agent that specializes in lender-placed insurance (LPI), insurance tracking, and regulatory compliance services for financial institutions. Founded in 1961 and headquartered in Kennesaw, Georgia, the company is a brand/division of privately held Steamboat Group and serves more than 1,000 clients nationwide across six core verticals: banks, credit unions, mortgage servicers, auto finance companies, property investors, and insurance agents.

The company's competitive position rests on its proprietary IrisX (Informed Risk eXchange) cloud-based tracking platform and the RiskSecure policy-issuance platform. IrisX applies complex business rules to monitor insurance coverage across loan portfolios and trigger consumer-compliant communications, while RiskSecure enables agents and brokers to self-service policy management. The product portfolio extends into specialized coverages — Mortgage Impairment, Blanket VSI, Total Loan Coverage, REOCover, Auto CPI/POS Physical Damage — underwritten through multiple A.M. Best A+ rated carriers. The firm was among the first in its peer group to complete SSAE16 SOC1 audit certification.

Revenue is generated through a mix of recurring insurance-tracking subscriptions, commissions on carrier-placed LPI premiums, and fees for outsourced services such as loss draft management, borrower communications, escrow processing, and flood compliance support. Pricing is quote-based and tailored to portfolio size and coverage requirements, distributed through a senior enterprise field-sales team. Strategic distribution is augmented by partnerships with MortgageFlex (loan servicing software), Newmark Valuation & Advisory, CoreLogic Flood Services, and LRES. A March 2024 launch of Total Flood™ — an industry-first integrated flood compliance solution — and a June 2026 automated insurance tracking partnership with MortgageFlex underscore ongoing product and channel expansion.

Name

OSC

Legal name

Overby-Seawell Co.

Website

https://oscis.com

Company type

Private

Founded year

1961

Operating status

Operating

Headcount range

101–250 employees

Short description

OSC Insurance Services is a U.S. wholesale insurance broker and program manager that provides lender-placed insurance, proprietary IrisX insurance-tracking technology, and regulatory compliance services to more than 1,000 banks, credit unions, mortgage servicers, auto finance firms, and property investors nationwide.

Ownership category

akta.pro rank

Product category

Insurance Brokerage and Tracking Services

NAICS

Agencies, Brokerages, and Other Insurance Related Activities (5242), Other Insurance Related Activities (52429)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro industry

PRIMARYFSAEADAK

Insurance Program Administration & MGA/MGU Services

Financial & Insurance/Financial Advisory, Brokerage & Intermediation/Insurance Brokerage & Risk Advisory

Keywords

• Lender-placed insurance
• Insurance tracking technology
• Flood compliance services
• Collateral protection insurance
• Mortgage servicing solutions

Headquarters

HQ city

Kennesaw

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales

Revenue model

1. Insurance Products and Tracking Services: OSC generates revenue through providing lender-placed insurance products (property, auto, flood), insurance tracking services, and compliance technology solutions to financial institutions. The company acts as an insurance broker providing coverage from A.M. Best A+ rated carriers.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

OSC Insurance Services provides lender-placed insurance products and proprietary insurance tracking technology to financial institutions. The company acts as an international wholesale insurance broker, program manager, and MGA, offering property, auto, flood, and specialty insurance coverages from A.M. Best A+ rated carriers, supported by the IrisX cloud-based tracking platform and the RiskSecure policy issuance system. Its offerings address regulatory compliance, collateral protection, and operational outsourcing for banks, credit unions, mortgage servicers, auto finance companies, and property investors.

Product overview

OSC Insurance Services operates as a compliance-driven insurance technology platform offering a portfolio of interconnected products. The core platform is IrisX (Informed Risk eXchange), a proprietary cloud-based tracking system that applies complex business rules for compliant insurance tracking and reporting. This platform powers the company's lender-placed insurance (LPI) products covering property, auto, and specialty lines from A.M. Best A-rated carriers. Complementary products include the RiskSecure policy issuance platform for agent and broker self-service, flood compliance services, and specialized coverages such as Mortgage Impairment, Blanket VSI, Total Loan Coverage (TLC), REOCover, and Auto CPI/POS Physical Damage. The product suite also includes operational services like loss draft management, borrower communications, and full outsourced tracking capabilities. Recent additions include the Total Flood™ Solution (March 2024), an industry-first comprehensive flood compliance solution developed with Newmark and CoreLogic Flood Services.

Differentiator

Problem solved

Functional benefit

Brands

• IrisX: Proprietary cloud-based tracking system that provides secure, streamlined tracking of insurance within a portfolio and applies complex business rules to report or act upon this information in a compliant manner.
• RiskSecure
• Total Flood™

Products and services

• IrisX (Informed Risk eXchange)
• RiskSecure
• Lender-Placed Insurance (LPI)
• Flood Compliance Services
• Mortgage Impairment Coverage
• Blanket VSI (Vendor Single Interest)
• Total Loan Coverage (TLC)
• REOCover
• Auto CPI (Collateral Protection Insurance)
• Auto POS Physical Damage
• Loss Draft Services
• Full Outsourced Tracking
• Total Flood™ Solution

Named customers6 records

Segments6 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Four partnerships are on record, tiered core and major.

• Newmark Valuation & AdvisorycoreStrategic or Co-development Partner · 28 March 2024OSC partnered with Newmark Valuation & Advisory (V&A) to launch the mortgage industry's first Total Flood solution. Newmark provides regulatory compliance expertise while OSC provides tracking and lender-placed insurance solutions. The partnership combines OSC's tracking and LPI solutions with Newmark's regulatory compliance expertise.
• CoreLogic Flood ServicesmajorTechnology or Integration · 28 March 2024CoreLogic Flood Services provides the data and analytics powering OSC's Total Flood solution. Their flood determination data is combined with OSC's tracking technology and Newmark's compliance expertise to create a comprehensive flood compliance solution.
• LREScoreStrategic or Co-development Partner · 16 September 2015LRES, a national appraisal management company and REO manager, formed a strategic partnership with OSC. Through this partnership, LRES offers its lender clients OSC's lender-placed insurance and REO insurance services. In turn, OSC offers LRES' full valuation lifecycle management for clients by delivering collateral valuation reports in MISMO industry-standard format. This union drives compliance efficiencies for lenders.
• MortgageFlexcoreTechnology or IntegrationOSC Insurance Services and MortgageFlex joined forces to deliver a smarter, more automated approach to insurance tracking. The partnership enables automated insurance tracking integration within MortgageFlex's systems.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• American Bankers Mutual Insurance (ABMIC): Long-standing lender-placed insurance carrier serving banks and credit unions; overlaps directly with OSC's force-placed property and tracking value chain for the same financial-institution buyer.
• Foremost Insurance Group (Farmer's & Zurich): Carrier group writing lender-placed homeowners and auto coverage for banks, credit unions, and finance companies; competes for the same end-clients and the same force-placement book that OSC services.
• Assurant: Large public specialty insurer and lender-placed insurance incumbent that issues and services creditor-placed homeowners and auto coverage for the same bank, servicer, and auto-finance customers that OSC serves — making it the dominant scaled comparable for OSC's LPI and tracking franchise.
• QBE North America: Specialty property/casualty carrier that has historically been a major underwriter of lender-placed and collateral-protection insurance, competing for the same placement volume OSC intermediates.

Direct peers

• Amwins Group: Specialty wholesale broker and MGA with significant lender-placed and financial-institution practice; competes for similar program-administration mandates and carrier partnerships.
• RPS (Risk Placement Services): Wholesale broker and MGA placing specialty and lender-placed business with retail agents and financial institutions; comparable in distribution model, carrier relationships, and program-administration services.
• CRC Insurance Services: Wholesale insurance broker and MGA platform providing specialty programs, lender-placed products, and program-administration services to retail agents and financial institutions — a direct functional peer in MGA/program-admin.
• Breckenridge Insurance Group: Wholesale insurance broker, MGA, and program manager that historically owned OSC and continues to operate in the same program-administration, lender-placed, and specialty-brokerage space with overlapping carrier and servicer relationships.

Others

• CoreLogic (Flood Services): Provider of flood-determination data and analytics that powers OSC's Total Flood solution; an enabler/partner in the flood-compliance workflow rather than a competitor, but increasingly a strategic counterparty in the same lender-facing product stack.
• ICE Mortgage Technology (Encompass): Dominant loan-origination and servicing technology platform used by the same banks and servicers OSC targets; relevant as a distribution and integration channel for insurance tracking and force-placement workflows.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about OSC