Majesco announced Physicians Mutual launched pet insurance, Physicians Mutual Pet, with Majesco's P&C Core Suite. Physicians Mutual is a national provider of health, life and retirement products, including Medicare Supplement, dental, life and supplemental health insurance along with funeral pre-planning. The Physicians Mutual family includes Physicians Mutual Insurance Company and Physicians Mutual Life Insurance Company.

Physicians Mutual Pet is the company's first entry into the Property & Casualty market. Pet Insurance is one of the fastest growing insurance products with offerings increasing in 2020 by nearly 30% according to recent data from Aon. Majesco's 2020 customer research, Rethinking Life Insurance: From a Transaction to a Life, Health, Wealth and Wellness Customer Experience,identified that the Millennial and Gen Z generations had a 7.5 higher demand for Pet Insurance than the older generation, reflecting a growing market demand.

The Majesco P&C Core Suite provides the capabilities, flexibility and speed needed by Physicians Mutual to launch this new product and position them to expand further into the Property & Casualty market. Built on a common configurable platform, it empowers both IT and business users with rich, pre-build content that helps insurers increase visibility, agility and quickly adapt their business.