The Andrews Labor Government today helped secure 87 new professional jobs for West Gippsland with a $2.2 million investment by Aioi Nissay Dowa Insurance Company’s (ADICA) to set up operations in regional Victoria.
A major insurance provider, ADICA will establish a regional operations centre in Warragul or Drouin to create new employment and drive economic growth in the region, with assistance provided by the Labor Government.
ADICA’s investment in the new regional site will create 87 new highly skilled jobs in the professional services sector.
This is the second site for the company, which is being established due to business growth, adding to the company’s head office in Melbourne which employs around 100 people.
ADICA is a licensed general insurer that underwrites retail insurance principally for Toyota and Lexus branded vehicles.
Its business is forecast to grow by more than 20 per cent in the next three years and the new regional site will provide a secure operating environment, allowing it to extend the service it currently provides to its customers.
Through its $500 million Regional Jobs and Infrastructure Fund, the Government is supporting initiatives across regional and rural Victoria that build critical infrastructure, secure jobs, invest in communities and support new and emerging technology.
Quotes attributable to Minister for Regional Development Jaala Pulford
“We’re proud to support the establishment of ADICA’s second operational site and we’re pleased to see this investment occurring in regional Victoria”.
“It’s an important initiative that will benefit the community of Baw Baw Shire and the West Gippsland region more broadly.”
“ADICA’s new regional operations site will create 87 highly skilled new jobs in the professional services sector. That’s great news for the local economy and for the community of Baw Baw Shire.”
Quotes attributable to Member for Eastern Victoria Harriet Shing
“Gippsland is a wonderful place to do business – it’s great to see the Andrews Labor Government's work for this region being matched by companies like ADICA.”
Reviewed 19 August 2020