A new class of distributions, the generalized log-Moyal, suitable for modelling heavy tailed
data is proposed in this article. This class exhibits desirable properties relevant to actuarial
science and inference. The proposed distribution can be related to some well known
distributions like Moyal, folded-normal and chi-square. Statistical inference of the model
parameters is discussed using the method of quantiles and the method of maximum
likelihood estimation. Three celebrated data sets, namely, Norwegian fire insurance losses …