Join 28,000+ doctors and dentists in the 'Investing for Doctors' Facebook group: https://facebook.com/groups/investingfordoctors
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In this episode of Investing for Doctors, Dr Bi Mian is joined by general insurance broker Lisa Hiscock, whose global career spans reinsurance and complex risk underwriting with companies like Lloyd’s of London and AXA. Together, they unpack one of the most overlooked parts of wealth building, how to protect what you’ve already built.
Lisa explains what insurance really is, not just a policy, but a promise to restore you when things go wrong. From how premiums are priced to why reinsurance exists, she breaks down how insurers think about risk, and why climate change, floods, and bushfires are reshaping what’s even insurable. You’ll also hear how underinsurance happens, the traps investors fall into when they renovate or forget to update policies, and why liability cover matters more than most people realise.
For doctors growing wealth outside of medicine, this conversation is your reminder that insurance isn’t a cost, it’s a strategy for risk management. Whether you own clinics, investment properties, or commercial assets, understanding how to structure the right protection can mean the difference between recovering and starting over when disaster strikes.
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TIME STAMPS:
00:00 Intro/Hook
02:11 Lisa Hiscock's Background and Career in Insurance
03:55 Lloyd's of London/Understanding Insurance and Reinsurance
05:40 General Insurance Brokerage and Its Scope
07:46 How Insurance works
16:39 Property Insurance and Its Components
18:28 Owner-occupier Insurance
26:27 Landlord Insurance and Strata Responsibilities
30:29 Aggregation of Insurance Risks and Government Involvement
40:36 Technological Advancements in Risk Assessment
44:07 Services Provided by Insurance Brokers
46:17 Conclusion/Outro
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SHOW NOTES LINKS
https://au.linkedin.com/in/mian-bi
https://www.linkedin.com/in/lisa-hiscock-7308a259/
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LISTEN TO THE PODCAST
Spotify: https://open.spotify.com/show/07DS5AxlbgmkuvP6zQGgtN
Apple Podcasts: https://podcasts.apple.com/au/podcast/investing-for-doctors-podcast/id1775535608
Amazon Music: https://music.amazon.com/podcasts/b9de46bc-e29d-4402-9e9e-959a3a5dc8da/investing-for-doctors-podcast
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FIND US HERE
Website: https://ifdgroup.com.au/
Facebook Group: https://www.facebook.com/groups/investingfordoctors
Facebook Page: https://www.facebook.com/investingfordoctors
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DISCLAIMER
The information provided in this podcast is for general purposes only and should not be considered personal advice. Always consult with qualified professionals or experts in the relevant field for personalised advice tailored to your specific situation.
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