OM Suscripcion de Riesgos

What OM Suscripcion de Riesgos does

OM Suscripción de Riesgos, S.A. is a Spanish insurance underwriting agency (Agencia de Suscripción de Riesgos) headquartered in Seville that exclusively distributes MIC Insurance Company S.A. products in the Spanish market. The company operates under a contractual authorization from MIC Insurance and is registered with Spain's DGSFP (registration E0248). OM functions as a specialist distribution layer, channeling MIC Insurance's surety and construction insurance products through Spain's network of insurance brokers and mediators under the Libre Prestación de Servicios cross-border framework, with MIC Insurance headquartered in Paris, France.

The company's product portfolio centers on three core lines: (1) Seguro de Caución (Surety Insurance), a bank-guarantee substitute with ten sub-products covering provisional and definitive guarantees, renewable energy grid connections, judicial matters, special taxes, tax deferments, material storage, advance-payment bonding, security companies, and insurance brokers; (2) Seguro de Construcción (Construction Insurance) including mandatory decennial coverage, all-risk construction, and construction liability insurance for developers, builders, and contractors; and (3) Responsabilidad Civil (Civil Liability) spanning professional and general liability. Customers are primarily Spanish construction-sector firms (promoters, constructors, contractors), insurance brokers and intermediaries, housing cooperatives, self-employed workers, SMEs, and renewable energy developers. OM serves these segments through broker channel distribution complemented by direct enterprise sales to construction clients, with dedicated partnerships such as the 2022 CONCOVI agreement covering approximately €600 million in housing cooperative guarantees.

OM's business model is commission-based, earning fees on policies intermediated rather than underwriting risk directly. The parent carrier MIC Insurance grew Spanish surety premiums from €14.03M in 2018 to €24.05M in 2020 (41.18% growth) and returned to the #1 ICEA ranking with 17.69% Spanish market share in 2020. OM itself is a 1-10 employee operation with no proprietary technology platform, relying instead on regulatory licensing, 25 years of construction-sector specialization, and broker relationships as its core assets. Revenue figures for OM are not separately disclosed, but implied commission volume on intermediated premiums places the agency's revenue in the low single-digit million euro range.

Name

OM Suscripcion de Riesgos

Legal name

OM Suscripción de Riesgos, S.A.

Website

https://omsuscripcion.com

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

OM Suscripción de Riesgos is a Seville-based Spanish underwriting agency that exclusively distributes MIC Insurance's surety, construction, and liability products through broker networks across Spain, serving construction firms, public administration, and SMEs.

Ownership category

akta.pro rank

Product category

Surety Insurance Underwriting

NAICS

Insurance Agencies and Brokerages (524210), Insurance Carriers and Related Activities (524)

SIC

Surety Insurance (6351), Fire, Marine & Casualty Insurance (6331), Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Mid-Market Commercial Package (Package Policies) (FSAJAFAB)

akta.pro secondary industry

Professional Umbrella / Excess (E&O/D&O Wrap) (FSAJANAH)

Keywords

• Surety insurance
• Construction insurance
• Bond underwriting
• Civil liability insurance
• Insurance brokerage distribution

Headquarters

HQ city

Sevilla

HQ country

Spain

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Insurance Premium Revenue: OM Suscripción acts as a risk underwriting agency distributing MIC Insurance products in Spain. Revenue is generated through insurance premiums on surety bonds, construction insurance, and liability coverage. The company receives commission or underwriting fees from MIC Insurance for policy distribution and risk assessment services.
2. Hospitalization Insurance: Additional insurance product line offered through MIC Insurance including hospitalization coverage with flat rates starting from €3/year per person, providing indemnity during hospital stays.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

OM Suscripción de Riesgos, S.A. is an insurance underwriting agency (Agencia de Suscripción) that distributes MIC Insurance Company S.A. products in Spain, specializing in surety insurance (Seguro de Caución) and construction insurance (Seguro de Construcción). The company provides bank-guarantee substitute products covering public tenders, tax deferrals, judicial guarantees, construction liability, decennial insurance, and professional liability for insurance brokers, construction firms, housing cooperatives, and SMEs.

Product overview

OM Suscripción de Riesgos operates as an insurance underwriting agency distributing MIC Insurance products in Spain. The company offers a comprehensive portfolio of three core insurance product lines: (1) Seguro de Caución (Surety Insurance) serving as a bank guarantee substitute with 10 sub-products covering provisional and final guarantees, renewable energy, judicial matters, special taxes, tax deferments, material storage, amount bonding, security companies, and insurance brokers; (2) Seguro de Construcción (Construction Insurance) including decennial insurance, all-risk construction coverage, and construction liability insurance for developers, builders, and contractors; and (3) Responsabilidad Civil (Civil Liability) covering both professional and general liability exposures. The company operates through free service provision arrangements and a direct business structure serving insurance brokers and intermediaries across Spain.

Differentiator

Problem solved

Functional benefit

Products and services

• Seguro de Caución (Surety Insurance) Surety insurance serving as a substitute for bank guarantees that enables policyholders to secure their obligations to third parties, covering various contractual obligations and public administration guarantees. Distributed to insurance brokers, construction companies, and enterprises across Spain.
• Seguro de Construcción (Construction Insurance) Specialized insurance solutions for the construction sector protecting property owners, builders, developers, and contractors against unforeseen events during construction projects. Includes decennial, all-risk construction, and construction liability cover.
• Responsabilidad Civil (Civil Liability Insurance) Insurance coverage for damages caused to third parties from acts or omissions for which the policyholder is responsible, offered in both professional and general liability variants for businesses and professionals.
• Hospitalization Insurance Additional insurance product line offered through MIC Insurance covering hospitalization with flat rates starting from €3/year per person, providing indemnity during hospital stays. Available to companies and individuals with significant tax advantages.

Quantifiable outcome

• Surety insurance reduces costs compared to traditional bank guarantees
• +4 more outcomes

Named customers2 records

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered flagship and core.

• CONCOVI (Confederación de Cooperativas de Vivienda y Rehabilitación de España)flagshipStrategic or Co-development Partner · 1 June 2022Historic partnership signed between MIC Insurance and CONCOVI to guarantee housing cooperative contracts through the TRCC - Todo Riesgo Cooperativa CONCOVI program. This unique program guarantees the contracting of surety and bonding policies for all housing cooperatives affiliated with CONCOVI, covering approximately 600 million euros in guarantees. The partnership was formalized at the headquarters of the Community of Madrid's Ministry of Economy, Treasury and Employment, with ratification presided by the Director General of Entrepreneurs and the Vice Minister of Economy.
• Grupo Mayo (Edelweiss Management Company)coreChannel Partner/ Reseller/ DistributorNational insurance brokerage with 25 offices and 46 points of sale in Spain. Grupo Mayo held their annual convention at OM Suscripción facilities, bringing together all companies in the Edelweiss Management Company group. MIC Insurance participated in a roundtable discussion about strategies and digital transformation in the insurance sector.

Scale indicators11 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Markel International: Specialty insurer with European surety and construction lines, comparable to OM/MIC in product focus but with broader international footprint and stronger specialty re/insurance capabilities.
• Allianz Trade (formerly Euler Hermes): World leader in trade credit insurance and a significant surety provider. Competes with OM in Spanish and European surety markets with broader product lines and substantially larger capital base.
• Liberty Specialty Markets: Global specialty insurer offering surety bonds, construction insurance, and professional liability across Europe. Direct competitor in the surety and construction insurance lines that form OM's core.
• Coface: Global credit insurer and surety provider (French-headquartered, similar parent geography to MIC Insurance). Offers surety bonds and trade credit insurance across Europe, providing broader geographic scale and a comparable cross-border distribution model.
• AIG: Global insurer with major surety franchise (including construction and commercial surety). Direct overlap with OM/MIC in surety and construction insurance, though at much larger scale and broader geographic scope.
• Chubb: Global specialty insurer with substantial surety, construction, and professional liability offerings in Europe. Competes in adjacent commercial P&C lines with OM/MIC's product portfolio.
• Travelers: Major US-headquartered commercial insurer with significant European surety operations. Competes with OM/MIC in surety bonds for construction and corporate clients across international markets.

Direct peers

• CESCE: Spanish export credit and surety insurer offering caución products through Spanish brokers. Direct competitor to OM in the Spanish surety market, with overlap in construction, public administration, and corporate guarantee segments.
• Solunion: Spanish credit insurance and surety joint venture (Euler Hermes/Mapfre) competing with OM in Spanish surety and credit guarantee products for SMEs and corporate clients.
• Crédito y Caución: Spain's leading surety and credit insurance operator (Atradius subsidiary), directly competing with OM/MIC in Spanish surety bonds for construction, public tenders, and corporate guarantees. Same product line, same broker channel, same geography.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/om-suscripcion-de-riesgos-sa

Revenue estimate

Valuation estimate

Number of profiles

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 OM Suscripcion de Riesgos