With global warming and intensified human activities, extreme convective precipitation has become one of the most frequent natural disasters. An accurate and reliable assessment of severe convective precipitation events can support social stability and economic development. In order to investigate the accuracy enhancement methods and data fusion strategies for the assessment of severe convective precipitation events, this study is driven by the horizontal reflectance factor (ZH) and differential reflectance (ZDR) of the dual-polarization radar. This research work utilizes microphysical information of convective storms provided by radar variables to construct the precipitation event assessment model. Considering the problems of high dimensionality of variable data and low computational efficiency, this study proposes a dual-polarization radar echo-data-layering strategy. Combined with the results of mutual information (MI), this study constructs Bayes–Kalman filter (KF) models (RF, SVR, GRU, LSTM) for the assessment of severe convective precipitation events. Finally, this study comparatively analyzes the evaluation effectiveness and computational efficiency of different models. The results show that the data-layering strategy is able to reduce the data dimensions of 256 × 256 × 34,978 to 5 × 2213, which greatly improves the computational efficiency. In addition, the correlation coefficient of interval III–V calibration period is increased to 0.9, and the overall assessment accuracy of the model is good. Among them, the Bayes–KF-LSTM model has the best assessment effect, and the Bayes–KF-RF has the highest computational efficiency. Further, five typical precipitation events are selected for validation in this study. The stratified precipitation dataset agrees well with the near-surface precipitation, and the model’s assessment values are close to the observed values. This study completely utilizes the microphysical information offered by dual-polarized radar ZH and ZDR in precipitation event assessment, which provides a wide range of application possibilities for the assessment of severe convective precipitation events.