Risk is the severity of an event multiplied by the chance of it occuring.
Just to say an event occured x number of times is not an acceptable basis for determining risk.
What would be acceptable would be to say, in [y] journeys by bicycle, an event occured - times. From that the likelyhood of an event occuring can be determined and then in turn by factoring the severity, so can the risk.
There is no measure given anywhere in that article from which the actual risks can be extrapolated.
Cycling is a low risk activity.
To calculate the level of risk, you use two factors.
Probability and
severity.
Then, you take the
lesser of each of those. That is your level of risk.
So, the most severe outcome of an accident is death. But the probability of an accident is very low. The lesser factor is the level of risk, so cycling is low risk.
Or on the other hand, cycling through a swarm of flies* is low risk. The probability of hitting a fly is very high. But the severity is extremely low, making cycling through swarms of flies low risk. (But not very nice)
*Unless they are wasps** or any other stinging fly.
**I have cycled through a swarm of wasps, but never got stung. I didn't know they were wasps until I got out the other side and had a few of them attached to me. That was a bit of a surprise!