In a large skillet, heat olive oil over medium heat.
Add the diced chicken to the skillet. Season with salt, pepper, cumin, smoked paprika, and chili powder. Sauté until the chicken is browned and cooked through, about 5-7 minutes.
Add the chopped red onion and minced garlic to the skillet. Cook until the onion is translucent, about 2-3 minutes.
Stir in the sliced red and yellow bell peppers. Cook for an additional 4-5 minutes until the peppers are tender.
Add in the corn, black beans, and diced tomatoes. Stir until everything is well combined and heated through, about 3-4 minutes.
Adjust seasoning with additional salt and pepper if necessary.
Remove from heat and garnish with fresh cilantro.
Serve hot with lime wedges on the side for an added zesty flavor.