The short answer is:
No, bees do not have a pancreas, although they have a digestive system, and they also produce insulin-like peptides which perform some functions similar to insulin.
In humans, the pancreas is a major organ within the abdomen. It performs two major functions:
However, bees do not have a pancreas, yet they are known to create insulin-like peptides.
The digestive tract of the honey bee is divided into three different compartments: foregut, midgut and hindgut. Most of the digestive process takes place in the midgut in the digestive tract of the honey bee, where most food, including protein, starch and carbohydrate, are broken down. This topic has been covered in greater detail elsewhere, see: Do Bees Have A Digestive System?
However, given that bees have no pancreas, how do they regulate blood sugar levels?
During digestion, nectar is transported into an expandable crop (honey stomach) in the abdomen. Whilst in the crop, it has been found that bees can increase the sugar concentration in their crop. This is helpful to bees for two reasons:
Thus, despite having no pancreas, bees can regulate their sugar concentrations.
It has been shown that bees produce insulin-like peptides in the brain3 and in the fat body4 where most insect metabolism takes place.
In addition to its involvement in metabolism, it has been shown that insulin modifies honey bee worker behaviour3,5.
For example, it has been shown that insulin has an effect on the division of labour within a honey bee colony. As worker bees become older, they move from performing ‘nursery’ tasks within the hive, to general duties within the hive, to foraging – it is the older bees that forage.
It appears that this is in part due to changes in insulin concentrations within the abdomen – older (forager) workers have higher insulin levels than younger (nurse) bees. It is thought that insulin production linked to nutritional status of the individual bee may contribute to the change of role.