Here's my attempt. I think maybe still not simplified enough? I wanted to be gestural as I tend to forget to relax and head into detail instead. I feel like my biggest concern is my line weight, which is always light... until I'm having any difficulty. Sorry, my phone has a terrible camera, I'll try and get better photos tomorrow in daylight.

Just FYI, that insect is a fly pretending to be a wasp :)

I think you've done something quite fabulous here. You have great color unity. You've well described so many different textures: the reflective glassiness of the wings, the shiny body, the matte smooth leaf and then my favorite is the fuzziness of the cocoon. If your concern is that the cocoon is distracting, it is a dominant element: You have the highest contrast in values (brightest light, near darkest dark) and it takes up a significant portion of the image. If you don't want it to be a dominant element, it probably would be difficult to recompose at this point without losing parts of the wasp, but you could make all the values on the cocoon more mid range, and increase the difference in values on the wasp where you want people to look (maybe brighten the highlights on the abdomen right next to the dark rings (ridges? I don't know wasp anatomy. Sorry) All that said: I like it! You're good with wasps. What's your medium?