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

Table 7

Analytical measures of the competing models for the vehicle insurance loss data.

Distributions	AIC	BIC	CIAC	HQIC
HTBPT–Weibull	430.6	435.0	431.4	432.0
Weibull	432.3	439.2	434.0	435.7
W-Loss	432.1	437.5	433.7	434.9
Ku–W	432.2	438.1	433.7	434.1
NBPTW	434.8	440.0	435.5	437.2
Lomax	460.1	463.0	460.5	461.1
NWB-XII	431.7	437.6	433.2	433.6
B-XII	503.4	506.3	503.8	504.4