In the second half of the twentieth century, insurance was still a stable and conservative branch of the economy. In the last decades, this situation has changed fundamentally and it has forced insurers to reassess the meaning of the term “insurable risks”. The overall situation in the modern world makes it imperative to seriously consider limiting the insurability of risks by the commercial insurance business and to reflect on the future orientation of the business. The aim of this article is consider significant modifications to the insurance market, the development of the problem of current barriers to commercial insurance, the consequences of strengthened regulation of financial institutions, the increase in the level of moral hazard and negative selection, the impact the situation on the financial markets has on the business and the impact of necessary technological changes in insurance.