Disclosed herein are systems, devices, and methods for hazard and risk analysis systems that use operational information about an autonomous vehicle in order to continuously determine a hazard and risk analysis of a vehicle and its compliance with safety standards. The hazard and risk analysis system estimates a hazard probability for a vehicle based on operational information about the vehicle, wherein the hazard probability represents a likelihood that the vehicle will experience a driving event over a predefined interval. The hazard and risk analysis also adjusts a driving parameter of the vehicle based on the hazard probability if the hazard probability deviates from a predefined hazard safety criterion.