Determine which of the following statements concerning risk-sharing, in the context of financial risk management, is LEAST accurate.

(A) In an auto insurance market, individuals that do not incur losses have shared risk with individuals that do incur losses.

(B) Insurance companies can further share risk by ceding some of the excess risk from large claims to re-insurers.

(C) Reinsurance companies can further share risk by investing in catastrophe bonds.

(D) Risk sharing reduces diversifiable risk, more so than reducing non-diversifiable risk.

(E) Ideally, any risk-sharing mechanism should benefit all parties sharing the risk.