Preheat oven to 375°F (190°C) and lightly grease a large baking dish with olive oil.
Slice chicken into thin strips and place in a large mixing bowl. Add olive oil, chili powder, cumin, smoked paprika, garlic powder, onion powder, salt, and black pepper. Toss to coat evenly.
Add sliced bell peppers and onion to the bowl and mix to combine with the chicken.
Transfer the chicken and vegetable mixture into the prepared baking dish. If using cooked rice or pasta, gently fold it in at this stage.
Dollop the sour cream over the top and spread gently across the surface.
Sprinkle shredded cheddar and mozzarella evenly over the casserole. Cover loosely with foil.
Bake for twenty-five minutes, then remove foil and bake an additional ten to fifteen minutes until chicken is cooked through and cheese is golden and bubbly.
Remove from oven and let rest for five minutes before serving.
Garnish with chopped fresh cilantro before serving.