Is it better to be a specialist or a generalist?

From an economic standpoint, the specialist is typically remunerated 20% or more more then the generalist.

By specialist, examples would be a D&O underwriter or broker versus a package one.

Or an HPR engineer versus a middle-market all-lines one.

Or a pension sales person versus a life, health and disability one.

Or a large group person versus a small group or individual person.

But… there are downsides!

The more versatile a candidate is - the more positions there are available.

Some employers have begun, in the past, to bundle… for example… D&O into all professional lines, or, inland marine into fire and general liability, or, workers’ compensation with general liability and auto.

If you don’t know the other lines, your compensation / worth is lessened.