This paper deals with the “physical reliability models” assessment and estimation for electrical insulation components. It is well known that the reliability model identification and estimation of most of the modern power system components, such as insulation components, may be better achieved, instead that using limited lifetime data, by the knowledge of the degradation mechanisms. Such mechanisms, which are responsible for component aging and failure, are indeed well established in the field of electrical insulation: this is also the case of the so called “Stress-Strength” models. In particular, the “Log-logistic” model, deduced by a suitable Weibull stress-strength probabilistic model, has found valid applications to the reliability asse...