Fire risk assessment is a crucial step in effective fire control, playing an important role in reducing fire losses. It has remained a significant topic in the field of fire safety. To explore the research hotspots and frontier trends in fire risk assessment and to understand its macroscopic development trajectory, a sample of 1596 papers from 1976 to 2023, extracted from the Web of Science (WoS) database, was utilized to create a knowledge map. The study employed bibliometric methods, visual analysis, and content analysis to uncover the research pulse and hotspots in the field, offering insights into its future development. The findings indicate that research in fire risk assessment has demonstrated continuous growth over the past 50 years. China and the United States are the dominant research forces in the field, while India and Australia show potential as new drivers for development. Expert groups have formed in this field, with intra-institutional cooperation being the primary focus, while inter-institutional collaboration remains limited. The research outcomes exhibit multidisciplinary crossovers, exerting a significant impact on various disciplinary domains. The research hotspots primarily revolve around investigating fire and explosion accidents, assessing the vulnerability of fire subjects, and identifying potential fire hazards. The application of artificial intelligence technology is identified as a pivotal tool for future development. However, to achieve substantial progress, it is important to enhance the importance accorded to fire risk assessment, foster multinational and cross-institutional cooperation, and prioritize research innovation.