The invention relates to an interchangeable cutting insert (10) having a shank (12), which transitions into a cutting head (14), which has a chipping surface (32), which, when viewed from above, is a segment of a circle with a height greater than the radius of the chipping surface (32), wherein the chord of the segment of a circle constitutes the transition to the shank (12), wherein a cutting edge (30) is formed on the outer edge of the chipping surface and multiple chip-breaking structures (36, 38) are provided on the chipping surface (32), the chip-breaking structures having depressions (36) in the chipping surface (32), between which projections (38) are arranged, which protrude beyond the chipping surface (32).