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The problem of risk update is one of the core problems of dynamic risk analysis. As for updating widely used probabilistic risk, it's a kind of special problem of pattern recognition which means to transfer from old pattern to new pattern with new information. Aiming at updating probabilistic risk only with the new observations and without the original observations, this paper proposes the morphogenetic updating algorithm to update the probabilistic risk with only new observations and old risk values by reproducing the morphogenesis of new observations and old risk values based on morphogenetic estimation. The form rules hidden in the risk values and new observations are discovered by internal source in Write operation, and the projection of the input and the cosine similarity measure as the basis for defining the weight of updating are computed in Read operation. Based on Resconi theorem, the input is reproduced by its projection on the context which provides the same mathematical space for updating and stores the structural information hidden in the risk. By applying the algorithm to updating the probabilistic risk of typhoon rainstorms occurred in Guangdong Province, it proves that morphogenetic updating algorithm provides us a method to updating probabilistic risk fast and satisfactorily and it's a sustainable updating method which can be used for dynamic risk analysis. [ABSTRACT FROM AUTHOR]