Pat the shrimp dry and season with salt, black pepper, and paprika.
Heat olive oil in a skillet over medium high heat and cook the shrimp for 2 to 3 minutes per side, then remove and set aside.
Reduce heat to medium, melt the butter, and sauté the garlic for about 30 seconds until fragrant.
Pour in the chicken broth and simmer for 2 minutes, scraping up browned bits from the pan.
Stir in the heavy cream and Italian seasoning, then simmer 4 to 5 minutes until slightly thickened.
Add the Parmesan cheese and stir until the sauce is smooth, loosening with broth if needed.
Return the shrimp to the skillet and simmer for 2 minutes until coated and heated through.
Sprinkle with fresh parsley and serve over warm cooked rice.