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

Table 4

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

Dist.	Par	Level of significance	VaR	TVaR
Weibull		0.700	1.5273	4.4325
		0.750	1.9174	4.9762
		0.800	2.4392	5.6792
		0.850	3.1801	6.6436
		0.900	4.3463	8.1092
		0.950	6.6444	10.8853
		0.990	9.2950	13.9806
		0.999	25.5667	32.0408
Z-Weibull		0.700	1.7585	6.9318
		0.750	2.3222	7.9131
		0.800	3.1171	9.2175
		0.850	4.3112	11.0668
		0.900	6.3169	13.9926
		0.950	10.6148	19.8560
		0.990	16.0027	26.8019
		0.999	55.1566	73.1187