Sorry, no online dictionaries contain the exact phrase assessing the risk.
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Reverse dictionary results:
1. assessment
 2. evaluation
3. rate
4. valuation
5. realism
6. aaa
7. account
8. act
9. actuary
10. aot
 11. apt
12. apy
13. audit
14. bet
15. chance
16. coinsurance
17. could
18. danger
19. defensive
20. dice
 21. die
22. edge
23. fine
24. gamble
25. hazards
26. incidence
27. may
28. pass
29. precaution
30. probability
 31. risk management
32. risks
33. run
34. set
35. speed
36. threat
37. underwriter
38. discount
39. evaluating
40. guessing

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You can look up the words in the phrase individually using these links:   assessing ?   the ?   risk ?
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