A New Class of Heavy-Tailed Distributions: Modeling and Simulating Actuarial Measures

Table 6

The MLEs of the competing models for the vehicle insurance loss data.

Distributions
HTBPT–Weibull	0.99	1.06	0.004
Weibull	1.01		0.003
W-Loss	0.94		1.29			1.63
Ku–W	0.87		0.008	1.50	1.12
NBPTW	0.90	1.18	0.86
Lomax	0.49		30.00
NWB-XII	0.08		25.55	0.06	1.22
B-XII				0.04	4.42