Romanian general insurer Carpatica Asig, which is undergoing a financial recovery procedure, said on Monday its daily gross written premiums rose 43% to 2.9 million lei in 2015. Claims paid by the insurer totalled 382 million lei in 2015, Carpatica Asig said in a press release.

The company's cash flow was positive in 2015, amounting to 25 million lei. Carpatica estimates that it will rise to 103 million lei this year and further on to 174 million lei in 2017.

Carpatica Asig also said it will start the due diligence process on January 11, to speed up its takeover by a strategic investor.

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ROMANIA's Carpatica Asig daily gross written premiums up 43% in 2015