Heat olive oil in a large pot over medium heat. Add onion and bell peppers and cook for 4 to 5 minutes until softened.
Add minced garlic and cook for about 30 seconds until fragrant.
Stir in chili powder, cumin, and smoked paprika, mixing well to coat the vegetables.
Pour in chicken broth, diced tomatoes, black beans, and corn. Stir to combine.
Season with salt and black pepper. Bring to a boil, then reduce heat and simmer for 15 to 20 minutes.
Add shredded chicken and lime juice. Simmer for another 5 to 10 minutes until heated through.
Taste and adjust seasoning if needed.
Serve hot with desired toppings.