Heat the olive oil in a large skillet over medium heat. Season the chicken thighs with salt, pepper, and paprika. Add the chicken to the skillet, skin-side down, and brown for about 5 minutes on each side. Remove the chicken from the pan and set aside.
In the same skillet, add the chopped onion, garlic, and bell pepper. Sauté until the vegetables are softened, about 5 minutes.
Stir in the cream of mushroom soup and chicken broth. Mix well until the sauce is smooth.
Return the chicken to the skillet, making sure it is coated in the sauce. Cover the skillet with a lid and simmer for about 20 minutes, or until the chicken is cooked through and registers 165°F (75°C) internally.
While the chicken is cooking, rinse the rice under cold water until the water runs clear. In a separate pot or rice cooker, combine the rinsed rice and 2 cups of water, bring to a boil, then reduce to a simmer. Cover and cook for about 15 minutes or until the rice is tender and water is absorbed.
Once the chicken is fully cooked, serve it over a bed of rice. Spoon additional sauce over the chicken and rice. Garnish with fresh parsley if desired.