Hormones produced by the pancreas include glucagon, insulin, somatostatin, and pancreatic polypeptide. Funtions of Pancreatic Hormones Glucagon This pancreatic hormone helps to elevate your blood sugar levels. When levels of sugar in your blood declines, your pancreas produces glucagon, which stimulates the liver to produce more glucose. As a result, your blood glucose levels return to normal. Insulin Insulin helps to lower sugar levels in your blood. This important hormone aids in the transport of glucose into your different cells.