An insulating varnish includes a polyamide-imide resin varnish including a solvent and a polyamide-imide resin, and an organosol. The polyamide-imide resin varnish is obtained by a synthesis reaction between a resin component (X) and an isocyanate component (Y). The resin component (X) is obtained by a synthesis reaction between a diamine component and an acid component in presence of an azeotropic medium. The diamine component includes aromatic diamines including a divalent aromatic group having three or more aromatic rings. The isocyanate component (Y) includes a diisocyanate (Y1) a molecule of which includes a bend structure.