Royal & SunAlliance professional and financial risks manager Nigel Salisbury said the employment practices liability (EPL) market is set for significant growth.
He attributed this rise to an increasing number of employers seeking cover for discrimination claims.
Salisbury said recent high-profile disputes relating to workplace discrimination claims highlighted the potential for dramatic expansion in the EPL market.
"You only have to look at the increasing number of instances of people claiming for discrimination [for evidence]," Salisbury said.
Salisbury highlighted the recent case of Stephanie Villalba, a former Merrill Lynch executive, who is demanding £7m damages in a sex discrimination claim against the company.
Lloyd's underwriter Beazley is one insurer to have introduced EPL products to the UK in the past year.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
