The invention relates to an indexable insert having a first and a second insert surfaces (10a, 10b), three side faces (11, 12, 13) and a cutting projection (2), wherein the cutting projection (2) comprises at least one first and one second cutting tooth (21, 22), cutting edges (31, 32) are formed on the cutting teeth (21, 22) at a transition region to the first second insert surface (10a, 10b) respectively, a first chip flow direction (A1) assigned to the first cutting edge (31) forms an angle with a second chip flow direction assigned to the second cutting edge (32), a first and a second chip breaker surface (41, 42) are assigned in the chip flow direction to the first and the second cutting edges (31, 32), respectively, the chip breaker surfaces (41, 42) comprise at least one first and one second groove, respectively, on the first and the second insert surfaces (10a, 10b) which extend essentially perpendicularly to the respective chip flow direction (A1). The invention also relates to a tool comprising an indexable insert and to a method of producing the same.