Influential Women in Hamilton: Sandra DeSilva
Technological advancements are driving innovation in insurance, but progression could fall short without diverse perspectives, Mythen executive says.
DeSilva is the founder, president and chief executive officer of Nova & Mythen. She has over 22 years of experience in directing teams that architect a range of software solutions, including policy administration, risk simulation, risk and portfolio analytics, business intelligence, and artificial intelligence.
She has built a diverse career in strategic consultancy and innovation work for industry leading companies including the launch of a parametric insurance managing agency, among others. Sandra holds a degree in computer science from DeVry University in Arizona and has completed a leadership certification program at Columbia University and the IMD Switzerland.
Give us a snapshot of your career to date.
I have been the CEO and chief architect of an insurance technology firm for more than 22 years, and recently launched a parametric insurance company. I contribute as an independent director for a life insurance company and volunteer my time towards youth professional development and scholarships in technology and insurance.
Has anyone inspired or mentored you throughout your career?
I have been grateful for the mentors and advocates I have met throughout my career; there are many. The shared experiences and encouragement have been fundamental to my career growth.
What are your professional ambitions?
I aim to continue the drive for innovation in the insurance sector, leveraging science and research in climate change and behavioural science to understand how to evolve and adapt to changes in our industry.
Have you seen progress in diversity and inclusion since entering the industry?
I have supported D&I my entire career. I have been fortunate to hire people of all ethnicities, genders, ages and backgrounds. Particularly when it comes to technology, it is easy to value an individual’s contribution to innovation. Diversity broadens thinking and creativity, inspiring one another to bring out the best towards a common goal.
What challenges have you faced in your career, and how did you overcome them?
It is challenging to find good people. But the truth is, they are all around us. I found that working toward achieving something intellectually challenging brings out the best in one another. I am grateful for the incredible people I have had the honour to work with, and continue to work with, in my career.
What do you consider your greatest accomplishment so far?
While I take pride in my professional achievements, my greatest accomplishment is undoubtedly being a mother. Watching my children navigate their own challenges and witness their growth has been profoundly fulfilling. Balancing a demanding career with family life has taught me resilience and empathy, qualities that I believe are essential in any leadership role.
“Diversity broadens thinking and creativity, inspiring one another to bring out the best towards a common goal.”
Would you encourage other women to consider a career in this sector?
Absolutely, there are many opportunities for professional growth. Women bring unique perspectives that are invaluable in shaping the future of our field. By stepping into these roles, they not only empower themselves but also inspire future generations to break barriers. Moreover, the support networks available today are stronger than ever, making it easier to connect with mentors and advocates who can provide guidance and encouragement along the way.
What makes this industry a great one to work in?
It is a very challenging industry, and the era of change is at an inflection point with different types of products and platforms entering the market. Contributing to the resilience in people’s wellbeing is personally rewarding.
Why is Bermuda a great place to be?
Bermuda is a thriving jurisdiction for re/insurance and ILS. It’s very progressive in many ways, including talent, regulation and networking. There is also a very supportive community that fosters career development and supports new talent interested in the industry.
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