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The phrase "the higher risk" is correct and usable in written English.
It can be used to refer to a level of risk that is greater than another. For example, "The investment with the higher risk brought a higher return."
Exact(53)
"Microsoft would be the higher risk path".
They are at the higher risk for depressive disorders.
People who are addicted are at the higher risk for suicide.
For the higher risk devices, the F.D.A. requires comprehensive clinical data for approval.
About £5.5bn of the higher risk assets – 40% – are to be shed by 2018.
The higher risk is especially notable in the black donor.
Similar(7)
Retail and finance are in the higher-risk bracket.
But travelers who find themselves in the higher-risk category can be subjected to repeated searches.
"The higher-risk, more concentrated offerings are the ones that have been doing well," said Christopher J. Traulsen, a senior fund analyst at Morningstar.
Hers was the higher-risk game and her shots sped into the corner or hit the lines with almost unerring accuracy.
Mira — Streamlines the life insurance experience for the higher-risk population using technology and machine learning.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com