That only means that an undefined column or parameter name was detected. The errror that DB2 gives should point what that may be:
DB2 SQL Error: SQLCODE=-206, SQLSTATE=42703, SQLERRMC=[THE_UNDEFINED_COLUMN_OR_PARAMETER_NAME], DRIVER=4.8.87
Double check your table definition. Maybe you just missed adding something.
I also tried google-ing this problem and saw this:
http://www.coderanch.com/t/515475/JDBC/databases/sql-insert-statement-giving-sqlcode