Sharing economy

{
  "id": "MLC-T-INS-003077",
  "term": "Sharing economy",
  "field": "Insurance and risk management",
  "definition": "An economic model where individuals or organizations share access to goods, services, or assets, often facilitated by online platforms, rather than owning them outright. This model presents unique insurance challenges due to the transient nature of asset use and the blurred lines of responsibility between owners, users, and platforms. Specialized insurance products are emerging to address these novel risks.",
  "url": "https://mlchart.com/terminology/insurance/sharing-economy/"
}