Dynamic Vision Sensors (DVS) have emerged as a revolutionary technology with a high temporal resolution that far surpasses RGB cameras. DVS technology draws biological inspiration from photoreceptors and the initial retinal synapse. Our research showcases the potential of additional retinal functionalities to extract visual features. We provide a domain-agnostic and efficient algorithm for ego-motion compensation based on Object Motion Sensitivity (OMS), one of the multiple robust features computed within the mammalian retina. We develop a framework based on experimental neuroscience that translates OMS' biological circuitry to a low-overhead algorithm. OMS processes DVS data from dynamic scenes to perform pixel-wise object motion segmentation. Using a real and a synthetic dataset, we highlight OMS' ability to differentiate object motion from ego-motion, bypassing the need for deep networks. This paper introduces a bio-inspired computer vision method that dramatically reduces the number of parameters by a factor of 1000 compared to prior works. Our work paves the way for robust, high-speed, and low-bandwidth decision-making for in-sensor computations.