lulose insulation life is equal to the transformer life. Power transformer failures are commonly caused by events such as a short circuit or a lightning strike. Due to transformer aging, the mechanical strength of paper insulation will decrease and short circuit events like this can cause the ultimate transformer failure. Because of their random occurrence, we cannot be certain when the final transformer failure is going to happen. However, if the strength of the latest paper insulation is known, it is possible to make an estimation of when these events might occur [7]. At the same time, the practice of electrical equipment operation of electric power systems shows that there is only limited statistical information. Today the registration and processing of damage data, which are detected during repairs are not sufficiently systematized, since certain damages that occur during the operation are not always detected. Total technical condition assessment of power transformers usually involves aggregating the state of the following individual elements: winding, magnetic core, solid insulation, high-voltage bushings, load tap changer, etc. The problem of complexity of technical condition assessment and service life prediction is determined by the measurement frequency, but power transformers are not always equipped with appropriate monitoring systems. In addition, the criteria values of technical condition parameters separating one power transformer from another