SES Insurance Brokerage Services

What SES Insurance Brokerage Services does

SES Insurance Brokerage Services is a privately held U.S. property and casualty program administrator and brokerage founded in 1988 and headquartered in Irvine, California. The company designs and markets insurance products that protect real-estate investments, serving two primary customer groups: financial institutions, private trust companies and wealth management firms acting as fiduciaries for trust-held real estate (the Master Trust Program), and real estate investors with single-family rental (1-4 properties) and multi-family portfolios (up to $50M TIV). Its distribution runs through an appointed broker network of hundreds of partners, including Smart Choice, ISU, Combined Agents of America, and Associated Risk Managers, supplemented by direct institutional sales.

The company's core technology stack is two proprietary platforms: TIMS (Total Insurance Management System), an end-to-end policy administration platform with SSO, document storage, real-time endorsements, claims submission, billing, ISO 360Value integration, and property management API connectivity; and QUBIE, a self-service quote, bind, issue and endorse system that delivers automated underwriting in seconds for individual rental assets. TIMS is built on Instanda technology and is also used by approximately 2,500 investors and operators across 4,000+ portfolios, while reportedly 75% of the largest U.S. financial institutions use the Master Trust program. SES is supported by a panel of 10+ A-rated risk-bearing carriers (Lloyd's, Zurich, Chubb, Berkshire Hathaway Specialty, Travelers, QBE, Fortegra, CapSpecialty, James River, and others) and is restricted from writing in CT, FL, HI, MA, NJ, NY, and PA.

SES earns revenue primarily through program administration fees and brokerage commissions on premium volume, supplemented by managed policy services such as endorsements, billing, collections, and claims handling. Premium volume reached $100M in 2023 across roughly 75,000 insured properties and $10B of Total Insured Values. The company employs 11-50 staff, outsources portions of operations to partners such as ReSourcePro, and operates exclusively within the United States under California license 0773864. Ownership rests with majority shareholders Blair Schrum and Bill Mecklenburg, who took control in 2012, with President Shaun Shenouda leading day-to-day operations since 2014.

Name

SES Insurance Brokerage Services

Legal name

SES Insurance Brokerage Services Inc.

Website

https://ses-ins.com

Company type

Private

Founded year

1988

Operating status

Operating

Headcount range

11–50 employees

Short description

SES Insurance Brokerage Services is a U.S. property and casualty program administrator and broker that designs and distributes real estate insurance products, serving financial institutions with fiduciary Master Trust coverage and real estate investors with single-family and multi-family rental programs via its proprietary TIMS and QUBIE platforms.

Ownership category

akta.pro rank

Product category

Insurance Brokerage & Program Administration (Real Estate P&C)

NAICS

Insurance Agencies and Brokerages (52421), Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Insurance Agents, Brokers & Service (6411), Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Commercial Lines Insurance Brokerage (FSAEADAB)

akta.pro secondary industries

Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines) (FSAEADAJ), Wholesale Insurance Brokerage (Excess & Surplus Lines) (FSAEADAD)

Keywords

• Real estate insurance programs
• Master trust insurance
• Landlord rental insurance
• Insurance program administration
• Insurtech platform

Headquarters

HQ city

Irvine

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, Infrastructure

Revenue model

1. Insurance Premium Administration: SES collects premiums from customers and forwards them to insurance carriers within specific timeframes per agreements. Acts as program administrator for master policy programs.
2. Policy Management Services: Provides end-to-end policy administration services including endorsements, billing, collections, and claims handling for real estate portfolios.
3. Program Administration Fees: Earn fees for designing and marketing insurance products that protect real estate investments, working with carrier partners to provide coverage.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

SES Insurance Brokerage Services is a property and casualty program administrator that designs, markets, and administers real estate insurance programs for financial institutions acting as fiduciaries and for real estate investors. Its core offering consists of Master Trust insurance, Single Family Rental insurance, and Multi Family Rental insurance, delivered and serviced through its proprietary TIMS policy administration platform and QUBIE quote-bind-issue portal, backed by 10+ A-rated carrier partners.

Product overview

SES Insurance Brokerage Services offers a unified platform approach centered on two core technology products: TIMS (Total Insurance Management System) and QUBIE. TIMS is the enterprise platform for Master Trust and Portfolio programs, providing end-to-end policy administration including portfolio management, billing, reporting, and integrations with 360Value and property management systems. QUBIE is the customer-facing portal for Individual Asset single-family rental insurance, offering quote, bind, issue, and endorse capabilities with automated underwriting. The Master Trust Program leverages TIMS for fiduciary protection of financial institutions under one policy. The Single Family and Multi Family Programs provide property and liability coverage through QUBIE and TIMS respectively, backed by A-rated carriers. Companion offerings include Excess Earthquake/Flood and Excess Liability coverage as add-on modules.

Differentiator

Problem solved

Functional benefit

Brands

• QUBIE: Quote, bind, issue and endorse system providing automated underwriting results for single family rental properties.
• TIMS

Products and services

• Master Trust Program Comprehensive Master Trust insurance program for financial institutions, private trust companies, and wealth management firms acting as fiduciaries for trust-held real estate portfolios. Provides blanket per-location property limits, high liability limits, and combined coverage for wind, earthquake, and flood under one policy, administered via TIMS.
• Single Family Rental Program Insurance program for real estate investors with 1-4 properties (Individual Asset via QUBIE) or 5+ properties (Portfolio via TIMS). Covers fire, water, windstorm, hail, liability, and loss of rental income for single-family rental homes.
• Multi Family Program Insurance program for multi-family rental properties providing property and liability coverage up to $5M per building, $10M per property, and $50M total insured value, with first dollar liability options available.
• TIMS (Total Insurance Management System) Proprietary client and agent-enabled platform providing end-to-end policy administration for dynamic real estate portfolios, including portfolio management, real-time property endorsements, claims submission, billing and invoicing, advanced reporting, ISO 360Value integration, property management API integration, single sign-on, document storage, and a portfolio dashboard with alerts.
• QUBIE Quote, bind, issue, and endorse system that provides automated underwriting results within seconds for single-family rental properties, with customer and broker portals and billing flexibility including ACH and escrow payment options.

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature3 records

Partnerships

41 partnerships are on record, tiered core, major and supporting.

• Lloyd's Insurance (Lloyd's of London)coreOthersGlobal insurance and reinsurance market providing innovative, flexible insurance solutions for SES real estate programs.
• ZurichcoreOthersGlobal insurance company with three core business segments: General Insurance, Global Life and Farmers. Provides competitive insurance solutions.
• ChubbcoreOthersGlobal provider of insurance products. Chubb Limited is incorporated in Zurich, Switzerland.
• FortegramajorOthersSpecialty insurer and reinsurer offering innovative coverage solutions across various industries, balancing risk management with customer-centric service.
• CapSpecialtymajorOthersLeading provider of specialty insurance for small to mid-sized businesses across the U.S. 'A' rated carrier.
• James River InsurancemajorOthersSpecialty insurer operating on an Excess & Surplus Lines basis in all fifty states and D.C. since 2003.
• QBEmajorOthersQBE Insurance Group Limited is Australia's second largest global insurer. Provides specialized coverage for SES programs.
• Global Indemnity InsurancesupportingOthersProvides broad range of specialty property and casualty insurance and reinsurance products for commercial and individual clients.
• TravelersmajorOthersThe Travelers Companies, Inc. is the second-largest writer of U.S. commercial insurance.
• Neptune Flood InsurancesupportingOthersLaunched in 2018 to efficiently connect consumers to global insurance markets with innovative flood insurance solutions.
• Core Specialty InsurancesupportingOthersSpecialized property and casualty insurance solutions across niche markets, focusing on underserved industries.
• Wright National Flood Insurance ServicessupportingOthersLargest WYO provider of federal flood insurance (NFIP) policies and private flood coverage.
• Berkshire Hathaway Specialty InsurancecoreOthersPart of Berkshire Hathaway Inc., Warren Buffett's conglomerate. Established in 2013 as specialty insurance provider.
• Joe Flood InsurancesupportingOthersLeading provider of private flood insurance offering flexible and cost-effective alternatives to NFIP policies.
• Great Lakes Insurance SEsupportingOthersFully owned subsidiary of Munich Re Group, specialist provider of insurance services around the world.
• Great American Insurance GroupsupportingOthersProvides property and casualty insurance with innovative risk management solutions.
• Associated Risk ManagersmajorChannel Partner/ Reseller/ DistributorBuilt to help independent agents gain competitive advantage while remaining independent.
• ISU Insurance Agency NetworkmajorChannel Partner/ Reseller/ DistributorNetwork of independent agencies placing over $5.4 billion of premiums in over 300 locations.
• Smart ChoicemajorChannel Partner/ Reseller/ DistributorNetwork of over 8,000 independent agents and 100 carrier partners providing independent insurance agents with competitive solutions.
• Combined Agents of America, LLC (CAA)majorChannel Partner/ Reseller/ DistributorPrivately held aggregator group committed to strengthening the role of independent agencies.
• Pacific Interstate Insurance BrokerssupportingChannel Partner/ Reseller/ DistributorIndependent agency network providing access to competitive insurance solutions.
• JE Brown & AssociatessupportingChannel Partner/ Reseller/ DistributorWell-established, highly reputable wholesale insurance brokerage dedicated to efficient service delivery.
• Valley Insurance Agency Alliance (VIAA)supportingChannel Partner/ Reseller/ DistributorFounded in 2006 by the Powers family, VIAA brings value to independent agencies.
• First Connect InsurancesupportingChannel Partner/ Reseller/ DistributorConnects independent agents with best-in-class insurtech providers as expert connection to industry innovations.
• Equity TrustsupportingTechnology or IntegrationFinancial services company enabling individual investors to diversify investment portfolios through alternative assets.
• ReSourceProsupportingTechnology or IntegrationProvides insurance operation solutions and services including process outsourcing, claims handling, and policy servicing.
• Cape AnalyticssupportingTechnology or IntegrationEnables firms that protect and finance homes and businesses to better understand property risk and condition through data analytics.
• Sedgwick/YorksupportingTechnology or IntegrationLeading global provider of technology-enabled risk, benefits and integrated business solutions.
• 360Value by VeriskcoreTechnology or IntegrationProvides reliable replacement cost estimates integrated into TIMS platform for real-time property valuations.
• SVN/SFRhub AdvisorssupportingTechnology or IntegrationFirst-to-market digital commercial real estate fully transactional platform, SFRhub.com.
• Applied Systems (EPIC)supportingTechnology or IntegrationLeading global provider of cloud-based software powering the business of insurance for agencies and brokerages.
• YardisupportingTechnology or IntegrationRental property management software with integrated tools for management, accounting, maintenance tailored to single-family rental needs.
• ATTOM DatasupportingTechnology or IntegrationProvides most comprehensive property data in the industry with insight into over 350 zip code level data.
• ServiceLinksupportingTechnology or IntegrationTechnology-enabled solutions provider for real estate and mortgage industry.
• Bank of the WestsupportingTechnology or IntegrationPartnership introduced online billing portal for electronic payments remittance.
• CoreVestsupportingTechnology or IntegrationFounded in 2014 to meet demand for affordable debt capital by residential real estate investors.
• ePayPolicysupportingTechnology or IntegrationOnline platform to remit premiums via ACH and credit card payments with seamless user experience.
• Finance of AmericasupportingTechnology or IntegrationOffers variety of home loan options and tools designed with the investor at the forefront.
• RoofstocksupportingTechnology or IntegrationOnline marketplace for investing in leased single-family rental homes with research and analytics.
• PDS/InnovestsupportingTechnology or Integration30 years in business focused on addressing complexity of specialty assets operations.
• InstandacoreTechnology or IntegrationInsurance software platform that powers SES portals. Built and hosted using Instanda technology.

Scale indicators10 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Assurant: Large specialty insurer with lender-placed insurance and creditor-placed coverage. Multiple SES executives came from Assurant, and the companies directly overlap in real estate and financial institution insurance programs — SES competes with Assurant's lender-placed book while serving a parallel trust-held niche.
• Amwins: Largest US specialty wholesale insurance distributor, deeply involved in E&S property placements for real estate investors and commercial portfolios. Direct competitor for SES-style specialty real estate program administration and broker distribution.
• Risk Placement Services (RPS): Specialty wholesale brokerage and MGU platform placing E&S property coverage for landlords, investors, and commercial accounts. Comparable in targeting non-admitted real estate risks via appointed-broker distribution.
• Brown & Riding: Specialty wholesale brokerage with strong real estate and habitational property practice. Competes with SES in placing E&S capacity for investor and institutional real estate clients through broker networks.
• Burns & Wilcox: National specialty wholesale brokerage placing property, casualty, and excess coverage for commercial and residential real estate investors. Comparable business model, customer overlap, and reliance on appointed retail broker distribution.
• CRC Insurance Services: Wholesale specialty broker and program administrator with deep real estate and habitational property placements. Direct competitor for SES in delivering program-level solutions to retail brokers serving investors.

Emerging players

• Steadily: InsurTech focused on landlord and rental property insurance, distributed digitally. Competes with SES's QUBIE individual-asset program by serving the same 1–4 property investor segment with a more direct-to-consumer model.
• Roofstock: Online marketplace for single-family rental investments and adjacent insurance products. While primarily a marketplace/investment platform, Roofstock increasingly embeds insurance for its investor base and overlaps with SES's SFR customer segment.

Broad incumbents

• Acrisure: One of the largest US insurance brokerages with broad real estate, habitational, and specialty practices. Competes with SES across multiple lines and customer segments, though at vastly larger scale and broader scope.
• Aon: Global professional services firm with a large insurance brokerage serving financial institutions and fiduciary clients. Competes with SES in the Master Trust / institutional real estate insurance segment through its larger, more diversified offering.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/ses-insurance-brokerage-services-inc-
• Xx.com/SES_insurance
• Facebookfacebook.com/sesins

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 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 SES Insurance Brokerage Services