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InsTech - insurance & innovation with Matthew Grant

Alex Cardona, CEO and Co-founder: Recorder: Connecting brokers, connected insurance (341)

InsTech - insurance & innovation with Matthew Grant

InsTech

Entrepreneurship, Investing, Business

4.8 • 50 Ratings

🗓️ 9 February 2025

⏱️ 26 minutes

🧾️ Download transcript

Summary

From manual data entry to slow underwriting decisions, inefficiencies in broker management have long been a challenge for the commercial insurance industry. But what if brokers could streamline data collection, enhance risk assessment and seamlessly connect with underwriters in real time? In this episode, Robin Merttens speaks with Alex Cardona, CEO and Co-founder of Recorder, a company building the next generation of broker management software. After a successful exit from Codat, a financial data infrastructure business, Alex and his team are applying their expertise to insurance—helping brokers replace outdated workflows with automation, APIs and structured data. Key Talking Points: How Recorder is addressing inefficiencies in broker management Why traditional broker workflows create data bottlenecks for insurers The role of APIs in modernising commercial insurance How automated data ingestion can improve underwriting accuracy The importance of standardizing risk data for brokers and carriers Challenges in adoption and how Recorder is overcoming industry resistance Insights from Alex’s journey at Codat and lessons applied to Recorder Why brokers are the key drivers of change in insurance distribution How Recorder is scaling without heavy venture capital investment If you like what you’re hearing, please leave us a review on whichever platform you use or contact Matthew Grant on LinkedIn. You can also contact Alex Cardona on LinkedIn to start a conversation! Sign up to the InsTech newsletter for a fresh view on the world every Wednesday morning. Continuing Professional Development This InsTech Podcast Episode is accredited by the Chartered Insurance Institute (CII). By listening, you can claim up to 0.5 hours towards your CPD scheme. By the end of this podcast, you should be able to meet the following Learning Objectives: List the key inefficiencies in traditional broker workflows that slow down risk assessment and underwriting. Define the challenges brokers face in manual data processing and how technology is addressing these issues. Explain why brokers are central to driving innovation in insurance data infrastructure and connectivity. If your organisation is a member of InsTech and you would like to receive a quarterly summary of the CPD hours you have earned, visit the Episode 341 page of the InsTech website or email [email protected] to let us know you have listened to this podcast. To help us measure the impact of the learning, we would be grateful if you would take a minute to complete a quick feedback survey.

Transcript

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0:00.0

Hello, welcome or welcome back to the Insect Podcast.

0:12.5

Zoya, podcast producer here.

0:15.2

This week, we're diving into the world of broker management

0:18.1

and the changing landscape of commercial insurance.

0:21.9

Recorder is a company redefining how brokers collect, process and share risk data.

0:28.2

Joining Robin Mertons is Alex Cardona, CEO and co-founder of Recorder.

0:34.0

After building and exiting CODAT, a financial data infrastructure company, Alex turned his focus to insurance,

0:41.8

tackling the inefficiencies that slow down brokers and underwriters alike.

0:46.1

In this episode, we're getting into the details.

0:49.3

How a recorder is streamlining workflows, why API-driven distribution is the future,

0:55.6

and what it really takes to build a scalable tech solution in the insurance space.

0:59.4

If you're in the industry, work with brokers, we'll just want to hear how better data management

1:04.7

can drive smarter underwriting.

1:07.0

This one's for you.

1:08.2

Now let's get into it.

1:17.3

Thank you. Now let's get into it. It's Sunday and it's Intertech podcast time.

1:20.3

Thank you for tuning in to this week's podcast.

1:22.9

In this episode, I'm joined by Alex Cardona, who's the CEO and co-founder of Recorder. A very warm

1:29.7

intertech. Welcome to you, Alex. Thank you very much for having me. Now, on your website,

1:34.4

it says about Recorder, it says, you are modern broker management software for the next generation

1:39.2

of commercial insurance brokers. So that could be quite a lot of things. And in the course of the

1:43.9

next half

...

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