Preheat your oven to 375°F. Season the chicken thighs with salt and pepper on both sides.
In a large oven-safe skillet, heat the olive oil over medium heat. Add the chicken thighs, skin-side down, and sear for about 5 minutes until golden brown. Flip and cook for another 5 minutes. Remove the chicken and set aside.
In the same skillet, add the chopped onion and garlic. Sauté for about 3-4 minutes until the onion is translucent.
Pour in the coconut milk, chicken broth, lime juice, cumin, and paprika. Stir to combine.
Add the rice to the skillet, stirring to ensure it’s evenly distributed. Nestle the chicken thighs back into the skillet, skin-side up.
Bring the mixture to a gentle simmer, then cover the skillet with a lid or aluminum foil. Transfer to the preheated oven and bake for 30-35 minutes, or until the chicken is cooked through and the rice is tender.
Remove from the oven and let it sit, covered, for 5 minutes. Fluff the rice with a fork and garnish with fresh cilantro before serving.