Grant: Interaction Grants Program

The purpose of the meetings with these companies is to identify areas of intersection between the companies' fraud detection needs and where the researcher's expertise may be beneficial in assisting in those needs. The researcher has developed insurance fraud detection and auditing methods, including a software prototype implementing some of these techniques, that could be of benefit to such businesses. It is at these meetings where these techniques may be explained and demonstrated allowing the businesses to determine their utility and avenues of research to develop these methods and new ones that would be unique to each businesses' needs. All the listed businesses have a vested interest in ensuring that fraud behaviour is minimized within their client base. By minimizing any fraudulent insurance claims, for instance, the businesses will be able to maintain insurance premiums to minimal levels. With the aid of this grant covering travel costs, the only cost to the businesses involve their time to share their needs and the researcher sharing his own expertise that may be of benefit to the businesses. The researcher may also host the business representatives at the researcher's university site as part of the process of forging a research collaboration.