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38.1% p.a.). Pre- same period of 2009). There were more NPF contribu-
liminary data indicate that the total net inflow of share- tors
pension funds
reduction in the number of insurance companies (by 6.6% (NPF) in 2007. According to preliminary data, the ag
to 857) in 2007
financial associations,
as of January 1, 2007), as compared with growth in NPF which account for about two thirds of aggregate bank
members, was a
to unit investment funds (PIF) and non government pension
insurance companies. funds (NPF) on the Russian financial market.
Three factors affected the insurance market in