Gerry Horkan (Fianna Fail) | Oireachtas source

Someone else might be living on a remote island.

Two members wish to contribute, but I want to address something that no one has yet, although it was referenced slightly during Mr. Conor Faughnan's appearance. He wore two hats, that of the Automobile Association, AA, and that of a broker. The AA's official title for it is an intermediary. We do not want to mention individual companies, as it would be unfair to ask people to discuss previous employers, but what of brokers' fees? I am not asking the Injuries Board, as the fees are not part of its remit, but I presume that actuaries have full sight of data if they are working in the insurance industry. Brokers argue that they face competition, negotiate bulk deals and get extra information, but what are the typical broker's fees? If the motor insurance market pays €1 billion, what do brokers get out of that?