On Modeling the Earthquake Insurance Data via a New Member of the T-X Family

Table 3

Simulation results of the VaR and TVaR for the selected values of the parameters.

Dist.	Par	Level of significance	VaR	TVaR
Weibull		0.700	4.5373	7.3911
		0.750	5.0945	7.9076
		0.800	5.7601	8.5304
		0.850	6.5967	9.3205
		0.900	7.7437	10.4136
		0.950	9.6399	12.2384
		0.990	11.4765	14.0197
		0.999	19.5352	21.9150
Z-Weibull		0.700	4.3778	13.2772
		0.750	5.5376	14.9465
		0.800	7.1015	17.1137
		0.850	9.3408	20.1026
		0.900	12.8999	24.6727
		0.950	20.0017	33.4043
		0.990	28.2956	43.2302
		0.999	80.4988	101.7184