This paper is divided into three chapters: I. Introduction II analysis of risk factors and III. Applied risk assessment of an insurance portfolio. The first chapter deals with the indispensability of the detailed analysis and assessment of the risk factors in today's life insurance. The second chapter is devoted to the analysis of risk factors and represents the main part. In the first section of this chapter discribes the creation of the pension mortality table AVÖ 2005R in detail. This is followed by a review of the adequacy of the deathprobability, as well as the trend of AVÖ 2005R, compared to the current population mortality table 2010/12. In the second part of the chapter of biometric risks, the creation and validation of unisex tariffs will be described. Furthermore, the behavior of the present values will be evaluated for the gender mix with a special focus on the pension gender mix of the AVÖ. In the following section there is a test for reasonableness of calculated sexes mixtures based on a unisex insurance portfolio. In the last section of the analysis of risk factors, reference is made to the further underwriting risks. Special attention should be paid to the risks and their evaluation as defined in Solvency II. In the third chapter, this thesis deals with the complex modeling software prophet in broad terms and also some examples of a analysis of profit sources will be shown, especially in relation to death sensitivities. Further the implications of Solvency II SCR shocks to an Austrian insurance portfolio will be examined.