Step 1: Role of ADH in osmoregulation.
Antidiuretic hormone (ADH), also known as vasopressin, is released by the posterior pituitary gland. It increases water reabsorption in the collecting ducts of the nephron by increasing the permeability of the duct walls to water.
Step 2: Explanation of other hormones.
Insulin (Option A): Incorrect. Insulin regulates glucose metabolism, not osmoregulation.
Glucagon (Option B): Incorrect. Glucagon increases blood glucose levels and has no role in water reabsorption.
Aldosterone (Option D): Incorrect. Aldosterone regulates sodium and potassium balance, indirectly affecting water reabsorption, but it is not the primary hormone for osmoregulation.
\[
\therefore \text{The key hormone for water reabsorption in the collecting ducts is: Antidiuretic hormone (ADH).}
\]