A Weighted Estimation for Risk Model

Table 3

Estimation of index, mean, median, and VaR for hurricane loss data.

Method	𝛼	𝜇	Median	5% value at risk
Pareto(Hill)	0.8126	∞	8.68 billion	147.68 billion
TPD(Aban)	0.6206	21.74 billion	9.73 billion	85.15 billion
TPD(Moment)	0.6476	20.48 billion	9.47 billion	82.55 billion
TPD(Weighted)	0.6990	19.37 billion	9.02 billion	77.58 billion