The present invention provides an indexable insert (1) which includes a body (8), a base layer disposed on the body (8), and a wear-indicating layer disposed on a part of the base layer, wherein at least one surface of the body (8) serves as a rake face (2), at least one other surface of the body serves as a flank face (3), the rake face (2) being connected to the flank face (3) with a cutting edge (4) therebetween, the base layer has a color different from that of the wear-indicating layer, and the wear-indicating layer is disposed on the rake face and on the base layer entirely or partially in a region A2 other than a region A1 that extends to a distance of 0.2 mm or more and less than 4.0 mm from the cutting edge.